Free Trial

Norway Approves Ormen Lange Gas Development

NATURAL GAS

Norway has approved plans to expand the development of its Ormen Lange gas field – it’s second largest- in a bid to increase European energy security in light of a reduction in Russian supplies.

  • The phase 3 plans are expected to increase gas extraction by up to 40 bcm, with start up in 2025 according to the Norwegian energy ministry.
  • "This project helps to maintain the gas supply from Norway to our friends in Europe from the middle of this decade," oil and energy minister Terje Aasland said.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.