Europe braces for another energy shock as Norwegian gas fields close

Norwegian oil and gas workers are on strike, shutting three fields in the North Sea and causing a spike in natural gas prices.

London Europe's energy woes escalated Tuesday as Norwegian oil and gas workers went on strike, shutting three fields in the North Sea and causing a spike in natural gas prices.

Norway's state-owned energy company Equinor said it had shut the fields after some of its employees went on strike over a pay dispute. The three fields produce the equivalent of about 89,000 barrels of oil a day, more than 30% of which is natural gas, Equinor said in a statement. Norway was the second largest source of natural gas to Europe last year, after only Russia, according to Eurostat data. The disruption comes at a critical moment for the region.

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