Norwegian Sept gas output lags forecasts, hits 4-year low on outages (updated)

Okea ASA

23/10/2023 09:34

(Adds comparisons, graphic, detail in paragraphs 4-7)
       OSLO, Oct 23 (Reuters) - Norway's natural gas output
fell in September to its lowest level since 1999, lagging an
official forecast as maintenance cut production, while crude oil
also fell behind expectations, the Norwegian Petroleum
Directorate (NPD) said on Monday.
    Natural gas production in September fell to 199.8 million
cubic metres (mcm) per day from 312.2 mcm a month ago, and
missed a forecast of 319.1 mcm by 37.4%, the regulator said on
its website.
    Crude oil output fell to 1.64 million barrels per day (bpd)
in September from 1.79 million bpd in August, below a forecast
of 1.73 million bpd, NPD's preliminary data showed.
        September's output marked the lowest point since 198.7
mcm per day seen in September 2019, according to NPD data.
  
        
  
    Pipeline deliveries of Norwegian gas between January and
August had already been down by 6.4% compared to the same period
a year ago, the head of pipeline operator Gassco told Reuters in
August.
        On Sept. 7, nominations for gas shipments fell to a low
of 122.5 mcm/day, driven by maintenance at the massive Troll gas
field as well as several other fields, with a number of outages
taking longer than planned, Gassco data showed.
  

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 (Reporting by Nora Buli, editing by Terje Solsvik)
 ((terje.solsvik@thomsonreuters.com; +47 918 666 70))