Europe Bought Record Amounts of Norway’s Offshore Gas in 2022

The war in Ukraine has created a windfall for Norway’s offshore oil and gas producers, with sharply higher prices and record-setting demand for Norwegian gas. According to state subsea pipeline operator Gassco, European customers’ urgent need to replace Russian energy created an “all-time high demand for Norwegian natural gas” in 2022. 

Over the span of the past year, Gassco exported 117 billion cubic meters of gas through pipelines to Europe, making Norway the continent’s biggest supplier – a role previously held by Russia. 

View entirety: Maritime Executive