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

OMV Nominates BP Executive Emma Delaney as Next CEO

Oil Rises as Fragile Middle East Ceasefire Sustains Supply Risks

Aker BP Brings Symra Field On Stream Nine Months Early

Current News

Turkey Launches Deep Sea Drilling Mission in Somalia

OMV Nominates BP Executive Emma Delaney as Next CEO

Petrobras Buys Back Petronas Stake in Two Brazil Offshore Fields

OneSubsea to Supply Production Boosting System for Shenandoah Field

Subscribe for OE Digital E‑News