Norway increases natural gas exports in July

Norway's income from natural gas exports increased by 22.7 percent in July 2017, compared to the same month last year, Statistics Norway announced on Tuesday.

The authority said that the country earned around 13.2 billion Norwegian crowns (NOK) in July this year. This corresponds to an increase of NOK 2.4 billion compared with July last year.

"Higher exported volume explained the increase," Statistics Norway said.

On the other hand, income from crude oil exports decreased by 9.6 percent to NOK 14.8 billion in July, compared to the same month of 2016.

Overall, the value from crude oil and natural gas exports reached NOK 28 billion.

"Fluctuations in exported volumes of crude oil and natural gas are common in summer months due to maintenance work," the statistics authority said.

Exports of goods accounted for NOK 60.7 billion in July, 2.3 percent more than in July last year.

Norway is Europe’s largest oil producer and the world’s third-largest natural gas exporter after Russia and Qatar.

1 NOK equals $0.12

By Murat Temizer



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