Norway’s March gas output declines, falling short of expectations

Norway’s natural gas output declined in March from February, falling short of official estimates, while the country’s oil output climbed by more than expected, according to preliminary statistics from the Norwegian Petroleum Directorate (NPD) on Wednesday.

Natural gas output fell in March to 340.4 million cubic meters (mcm) per day, down from 354.5 mcm per day in February and falling short of expectations of 352.8 mcm per day.

Crude oil output in March was 1.83 million barrels per day (bpd), compared to 1.77 million in February and an estimate of 1.82 million bpd, according to the NPD.