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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 2013


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlySeptember
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln