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
28 April 2026
Oil traders warning of $200/bl oil are wrong, and the market should be wary of proclamations that the impact of the oil shortage has only begun to be felt and a that a ‘harsh adjustment’ is coming—even for industrialised nations
28 April 2026
Restoring supply from Saudi Arabia, the UAE, Kuwait, Qatar, Bahrain and Iraq involves complexities far beyond simply adjusting operational controls
28 April 2026
Datacentres will guzzle power at a ferocious rate, but the impact on wider energy markets will be far more complex than previously thought
28 April 2026
The key energy player faces balancing regional routes, political complexities, and creating a clear strategic vision for energy security
