Gas Prices Lift Norway's August Trade Surplus to Record

Terje Solsvik
Thursday, September 15, 2022

Norway's trade surplus rose to a record 197.7 billion Norwegian crowns ($19.54 billion) in August, boosted by soaring prices for its gas exports to Europe, national statistics agency data showed on Thursday.

With a daily output of around 4 million barrels of oil equivalent, almost equally divided between oil and gas, Norway has been a winner from the spike in global energy prices.

The country's exports totaled 287.8 billion crowns last month, of which 61% came from natural gas, the data showed.

($1 = 10.1162 Norwegian crowns)


(Reuters - Reporting by Terje Solsvik, editing by Stine Jacobsen)

Categories: Energy Activity Europe Production

Related Stories

Scotland-England Subsea Power Link Secures Marine License

Oil Heads for Weekly Decline Despite Middle East Supply Threats

Norway's Oil and Gas Spending Outlook Shifts Toward 2027

Current News

Nova Scotia, Massachusetts Explore Joint Offshore Wind Power Developments

Seaway7 Starts Cable Installation at Ørsted’s Hornsea 3 Wind Farm

Scotland-England Subsea Power Link Secures Marine License

Norway's Top Court Invalidates Three Offshore Oilfield Approvals

Subscribe for OE Digital E‑News