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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.
NATURAL GAS
The Norwegian petroleum and energy ministry has granted the highest ever gas production permit for the Troll field in gas year 2023-24 of 40.47bn m³ according to Argus. This is an increase on the previous highest ever in gas year 2022-23 of 38.5bn m³.
- Despite the increase, production from Troll may not significantly rise after output exceeded the quota in the past two gas years.
- The quota for the Oseberg, Oseberg Sor and Oseberg Ost fields will remain unchanged in 2023-24 at 7bn m³.
- Flexible production allows for over or underproduction in each gas year, with any difference rolled forward to future quotas. Troll production in the 2020-21 exceeded the quota by 862mn m³ and 2021-22 by 2.5bn m³.
- Troll production in the first nine months of this gas year of 30.19bn m³ is roughly in line with the quota considering current capacity restrictions due to seasonal maintenance. Production is scheduled to restart on 7 September.
- Production at Oseberg is expected to undershoot the quota this year possibly to balance out earlier overproduction, having totalled 4.27bn m³ in Oct -Jun.
Source: Argus
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.
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