NPD is forecasting a strong start to GY22-23
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
14 March 2025
Gas production slumped to an eight-year low in 2024, but new discoveries and partnership with Cyprus paint a more positive outlook
13 March 2025
Gas will become a more important part of the energy mix longer-term, raising the alarm for much-need investment as supply struggles to keep up with demand
13 March 2025
The spectre of Saudi Arabia’s 2020 market share strategy haunts a suffering OPEC+ as Trump upends the energy world
12 March 2025
Petronas-Eni eyes joint venture to prioritise key gas developments, with huge opportunities for growth in Indonesia and a steady Malaysia portfolio
