Preliminary official information confirmed Norway produced 292.3 million customary cubic meters a day (MMscmd) of pure fuel in June, down for the fourth month in a row.
The determine additionally marks the fourth consecutive month that Norway’s fuel output fell year-on-year, in accordance with information from the Norwegian Offshore Directorate (NOD).
June 2025’s fuel manufacturing dropped 2.2 % in comparison with Could 2025 and 15.5 % towards June 2024. The June 2025 determine did beat the NOD’s forecast by 3.1 %.
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The Nordic nation offered 8.8 billion customary cubic meters (Bscm) of fuel final month, down by 0.5 Bscm from Could, in accordance with the upstream regulator.
Within the first quarter, Norwegian fuel gross sales totaled 30.87 Bscm. That dropped to twenty-eight.2 Bscm within the second quarter.
In line with the European Fee’s newest quarterly fuel market report, Norway remained the European Union’s prime fuel – gaseous and liquefied – provider within the first quarter, accounting for 31 % or 21.7 Bcm.
Norway additionally remained the EU’s largest pipeline fuel provider accounting for 55 % or 20.6 Bcm. Norway’s share of the EU’s piped fuel imports elevated by 5 share factors in comparison with the fourth quarter of 2024 following the tip of the Ukraine-Russia transit deal.
In the meantime Norway’s oil manufacturing in June averaged 1.68 million barrels per day (MMbd), down 6.4 % from Could and three % from June 2024. The determine exceeded the NOD projection by 3.1 %.
Whole liquids manufacturing was 1.85 MMbd, down 5.9 % each month-on-month and year-on-year. Nevertheless, it beat the forecast by 1.3 %.
On Wednesday, majority state-owned Equinor ASA mentioned its Norwegian fairness fuel and liquids manufacturing within the second quarter averaged 704,000 barrels of oil equal a day (boed) and 655,000 boed respectively. “New manufacturing from the Johan Castberg subject reaching plateau and Halten East contributed. Collectively, this offset pure decline, affect from the turnaround at Hammerfest LNG and upkeep on the Kollsnes processing plant”, Equinor mentioned.
Equinor expects scheduled upkeep to affect its full-year manufacturing by 30,000 boed.
Within the first half of 2025, Norway produced 116.3 million customary cubic meters of oil equal (MMscmoe). That consisted of fifty.5 MMscmoe oil, 5.8 MMscmoe pure fuel liquids and condensate and 60 MMscmoe fuel on the market, the NOD mentioned.
To contact the creator, electronic mail jov.onsat@rigzone.com
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