Norwegian gas exports reached a record high last year

StatoilHydro - Naturkraft - KårstøPhoto: Alf Ove Hansen / SCANPIX

Norwegian gas exports reached a record high last year, measured in export value. Much of the growth is attributed to the high gas prices, according to Gassco.

“2021 has been characterized by high activity and a large number of inquiries about the assessment of new connections to the transport system. This shows us the clear need for natural gas in Europe and how important natural gas is as a reliable energy source on the road to emission-free forms of energy,” Gassco director Frode Leversund stated in a press release.

Last year, the state-owned company Gassco, which supplies Norwegian gas to Europe, delivered a total of 113.2 billion cubic meters through the pipeline network, an increase of 6 billion cubic meters from the previous year.

According to the company, Norwegian natural gas now covers about a quarter of Europe’s energy consumption.

“We also expect high activity in 2022, both in relation to new projects and in gas demand,” Leversund said.

Source: © NTB Scanpix / #Norway Today / #NorwayTodayFinance

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