Norway produced 355.1 million normal cubic meters a day (MMscmd) of pure gasoline in February, beating the official forecast by 3.8 p.c and rising from January’s 346.1 Mmscmd, the nation’s upstream regulator has reported.
Nonetheless, final month’s gasoline output is decrease than the 360.4 MMscmd logged for February 2024, in accordance with figures printed on-line by the Norwegian Offshore Directorate.
The Nordic nation, the European Union’s largest supply of pipeline gasoline, bought 9.9 billion normal cubic meters (Bscm) February 2025, down 800 MMscm from January 2025.
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In the meantime Norway’s oil manufacturing in February 2025 averaged 1.72 million barrels per day (MMbd), falling from January’s 1.78 MMbd however beating the projection by 1.3 p.c.
Earlier this month Equinor ASA stated it has put the Halten East subject within the Norwegian Sea onstream, unlocking new gasoline for Europe.
“We’re beginning up Halten East at a time the place piped gasoline from Norway is in excessive demand and vital for power safety”, Geir Tungesvik, govt vice chairman for tasks, drilling and procurement at Equinor, stated in an organization assertion March 17.
Halten East, a tie-in to be developed in two phases, holds about 100 million barrels of oil equal recoverable reserves, in accordance with the Norwegian majority state-owned power firm.
The event, which has an estimated funding of NOK 9 billion ($856.67 million), targets six discoveries and probably three extra prospects. It makes use of current infrastructure deployed for Åsgard, one other Equinor-operated subject that began up 1999. “The second section is deliberate in 2029”, Equinor stated.
The gasoline will likely be despatched to the Kårstø terminal, from which it is going to be shipped through pipeline to European patrons.
Norway set a brand new gasoline manufacturing report in 2024 with 124 Bscm bought, in comparison with the earlier report of 122.8 Bscm bought in 2022.
“The excessive manufacturing in 2024 was brought on by excessive regularity on the fields and elevated capability following upgrades in 2023”, the Directorate stated in a report on its web site.
Norway’s whole oil and gasoline manufacturing final 12 months was the best since 2009, reaching 240 MMscm of oil equal, in accordance with the Directorate. The Troll and Johan Sverdrup fields within the North Sea contribute about 37 p.c of hydrocarbon manufacturing on Norway’s continental shelf, the Directorate stated.
Troll produced a report 42.5 Bscm of gasoline 2024. The determine is equal to about thrice Norway’s hydropower manufacturing in a traditional 12 months, in accordance with operator Equinor.
To contact the creator, e-mail jov.onsat@rigzone.com
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