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Gas prices lift Norway’s August trade surplus to record

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Posted on September 15, 2022
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OSLO — Norway’s trade surplus rose to a record 197.7 billion Norwegian crowns ($19.54 billion) in August, boosted by soaring prices for its gas exports to Europe, national statistics agency data showed on Thursday.

With a daily output of around 4 million barrels of oil equivalent, almost equally divided between oil and gas, Norway has been a winner from the spike in global energy prices.

The country’s exports totalled 287.8 billion crowns last month, of which 61% came from natural gas, the data showed. ($1 = 10.1162 Norwegian crowns) (Reporting by Terje Solsvik, editing by Stine Jacobsen)

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