Exploration & Production

Uncertainties hang over Norway’s future gas output

Norway is expected to be a competitive supplier of gas to Europe for many years to come, but there are doubts over new discoveries and competition from LNG and Russian pipeline gas Norway is expected to be a competitive supplier of gas to Europe for many years to come, but there are doubts over new discoveries and competition from LNG and Russian pipeline gas.
By Andreas Walstad 8 March 2018 0 29923
The Troll A platform. (Øyvind Hagen/Statoil)

Norway’s success in reducing its upstream development costs means it will remain a competitive supplier to Europe over the next two decades, but uncertainties remain over long-term output, according to a report released this week by the Oxford Institute for Energy Studies (OIES).

According to projections by the Norwegian Petroleum Directorate (NPD), Norway’s gas output is expected to be high and stable at 121-123 billion cubic metres per year until 2022 before a gradual decline to about 90 bcm/y between 2030 and 2035.

The OIES...