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Gas-Pipeline 400OSLO: Norwegian gas output will be reduced by 12.7 million cubic metres on Monday after a fire at a gas processing plant over the weekend, and output should return to normal in the early part of the week, energy firm Statoil said on Monday.

 

Gas output fell early on Saturday after a fire at the Kaarstoe gas plant on Norway's western coast and Statoil, a co-owner of the facility, has been working to resume normal operations.

 

Monday's outage equals around 5 percent of Norway's exports on a normal winter day.

 

Norway supplies about 20 percent of Europe's gas needs and state-controlled Statoil is the nation's biggest producer.

 

Gas production soared in 2012 as Norway managed to take market share away from Russia, and firms have been running their production at capacity.

Copyright Reuters, 2013


 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln