But if Russia cuts gas to Europe then Norwegian gas will have a bigger EU market. Supply and demand will increase price even if Norway is able to replace the 34% or thereabouts of the EU gas supply that comes from Russia.
If Russia shuts off the gas supply then
1. They loose money
2. The worldwide gas price will rise. We (along with the rest of the world) will then pay a higher price for all our gas irrepective of its origin.
The fixation of “Russia” as something to be worried about is nonsense in this situation.
and we become a net exporter seeing as we are sat on 1300 million cube of gas and only use less than 3% of that per year