Factbox-Greens, key player in Norway election, seek gradual phase

By Nora Buli and Gwladys Fouche

OSLO (Reuters) -Norway’s Green Party played a crucial role in the re-election of the Labour-led government on Monday by securing 4.7% of the vote and ensuring Labour and its allies have 87 seats in parliament – two more than needed to hold a majority.

Here is a look at the Greens’ main energy policy proposals, their potential impact, and how likely they are to come to pass:

WHAT DO THEY WANT TO DO?

The Greens want to halt new exploration at once and phase out existing petroleum activities by 2040.

At the same time, they say the country must remain a stable natural gas supplier to Europe in the short-term so the phase-out must be gradual and prioritise oil over gas fields.

That is important because Norway has become Europe’s largest gas supplier followi