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According to London's Platts Energy News on May 18, Norway raised the price of natural gas exports in 2018 by 11%, but has lowered its price assumptions for 2019, indicating that Norway will seek to supply natural gas
to Europe this year.
With a series of new global projects expected to rise significantly in Europe next year, Norway is poised to take full advantage of the opportunity presented by the strong rebound in the gas market this year
.
According to Norway's revised budget released this week, Oslo now expects Norwegian gas export prices to average 1.
80/cubic meter (16.
89/MWh) this year, higher than the NOK 1.
62/cu m in the first 2018 budget approved by the Norwegian parliament late last year
.
The rise in this assumption is the result of stronger prices in the European natural gas market in recent months, which breached the $80 a barrel mark on Thursday due to cold weather, tighter market fundamentals and higher oil prices
.
The new assumption remains relatively conservative, relative to the average daily TTF price of 20.
70/MWh so far this year, but well above Norway's expectations
for next year, according to S&P global Platts data.
12Next View full article
According to London's Platts Energy News on May 18, Norway raised the price of natural gas exports in 2018 by 11%, but has lowered its price assumptions for 2019, indicating that Norway will seek to supply natural gas
to Europe this year.
With a series of new global projects expected to rise significantly in Europe next year, Norway is poised to take full advantage of the opportunity presented by the strong rebound in the gas market this year
.
According to Norway's revised budget released this week, Oslo now expects Norwegian gas export prices to average 1.
80/cubic meter (16.
89/MWh) this year, higher than the NOK 1.
62/cu m in the first 2018 budget approved by the Norwegian parliament late last year
.
The rise in this assumption is the result of stronger prices in the European natural gas market in recent months, which breached the $80 a barrel mark on Thursday due to cold weather, tighter market fundamentals and higher oil prices
.
The new assumption remains relatively conservative, relative to the average daily TTF price of 20.
70/MWh so far this year, but well above Norway's expectations
for next year, according to S&P global Platts data.
12Next View full article
12Next View full article
