Norway May Boost Gas Output as Russia, U.S. LNG Supply Increases
- Troll field permit increased 10% to 33 bcm for 2016 gas year
- Russia is increasing flows to Europe; U.S. set to ship cargoes
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Norway will allow increased production from its biggest natural gas field as Europe’s second-largest supplier of the fuel prepares for increased competition with Russia and the U.S.
The production permit for Troll was increased 10 percent for the gas year starting Oct. 1, according to field operator Statoil ASA. Norway last year installed two new compressors at the North Sea field, ending technical issues that previously limited capacity and helping supply record volumes to Europe.