There is a pressing need to change Europe's energy policy framework to make it more predictable and market oriented. This was a key message conveyed by Statoil natural gas senior vice president Rune Bjørnson at a conference in Brussels earlier this week.
Statoil is the second-largest supplier of gas to Europe.
“The good news is that it can be done. The ongoing process in Europe of establishing an energy and climate policy framework post-2020 is a golden opportunity to achieve this,” said Bjørnson.
“Our position is clear—we support a single CO2 target with at least 40% emission cuts in 2030, driven by a strengthened and more flexible CO2 emissions trading system. This will help drive emission reductions in the most cost-efficient way.”