Norway ends gas year at four-year high
A September dip fails to dent highest output since 2018
Norway’s production for the Gas Year 2021-22 (GY21-22), running from October last year to September this year, topped 122bn m³, according to data from regulator the Norwegian Petroleum Directorate (NPD). This was even after a 12pc month-on-month dip in September. And the NPD is forecasting a strong start to GY22-23 as Norway aims to assist gas crisis-hit Europe as best it can. NCS gas production in September was 303mn m³/d, representing the first month since April when GY21-22 volumes have not been higher than the same period in any of the preceding five GYs (see Fig.1). Nonetheless, the September figure was higher than every GY except GY16-17.

Also in this section
12 May 2025
With the gas industry’s staunchest advocates and opponents taking brutal blows, the sector looks like treading a path of insipid indifference
7 May 2025
From China blocking US LNG to Trump demanding that various countries import more of the fuel, the politicisation of LNG is on the rise
6 May 2025
Sino-US trade tensions could see crude consumption crumble despite recent buying behaviour