Earn more gas than oil – Dagens Næringsliv

Earn more gas than oil – Dagens Næringsliv

Norway gained in November more on gas than oil. – This is the new reality of lower oil prices and oil production, said oil analyst Thina Saltvedt.

Published: 30.12. 2014 – 8:24 p.m. Updated: 30/12/2014 – 8:26 p.m.

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The export value of Norwegian gas in November was 19 billion, while the crude oil was at 18.2 billion. Thus Norway’s revenues from gas higher than for oil, according to figures from Statistics Norway.

– This means that we in the future must be better on gas, said oil and gas analyst Karen Sund Sund Energy. She gets support from Nordea oil analyst Thina Saltvedt:

– There has traditionally been tougher competition in the gas markets, including from coal. Competition in gas is more direct, saying Saltvedt.