Norway Sees Better Gas Market

摘要

Norwegian government enterprise Petoro saw weak gas prices cut first-quarter operat- ing income for the state interest it manages in Norwegian continental shelf production from 32.6 billion Norwegian kroner ($5.2 billion) to 28.9 billion kroner — but vice president for sales Laurits Haga says Petoro expects the European gas market to improve despite an expected big increase in US shale gas production pushing excess LNG back to- ward Europe and Asia.