Advertisement
UK markets close in 2 hours 34 minutes
  • FTSE 100

    8,078.15
    +37.77 (+0.47%)
     
  • FTSE 250

    19,691.17
    -28.20 (-0.14%)
     
  • AIM

    755.27
    +0.58 (+0.08%)
     
  • GBP/EUR

    1.1667
    +0.0023 (+0.19%)
     
  • GBP/USD

    1.2471
    +0.0009 (+0.07%)
     
  • Bitcoin GBP

    50,815.77
    -2,466.44 (-4.63%)
     
  • CMC Crypto 200

    1,359.84
    -22.73 (-1.64%)
     
  • S&P 500

    5,071.63
    +1.08 (+0.02%)
     
  • DOW

    38,460.92
    -42.77 (-0.11%)
     
  • CRUDE OIL

    82.89
    +0.08 (+0.10%)
     
  • GOLD FUTURES

    2,340.40
    +2.00 (+0.09%)
     
  • NIKKEI 225

    37,628.48
    -831.60 (-2.16%)
     
  • HANG SENG

    17,284.54
    +83.27 (+0.48%)
     
  • DAX

    17,932.62
    -156.08 (-0.86%)
     
  • CAC 40

    7,998.30
    -93.56 (-1.16%)
     

Statoil expects Troll gas output quota to remain steady

(Adds comment on overall Norway output, Brexit)

VIENNA, Jan 30 (Reuters) - Statoil (LSE: 0M2Z.L - news) expects the maximum allowed natural gas production from Norway's Troll field to remain unchanged at 36 billion cubic meters (bcm) in the 12-month period beginning on Oct (Shenzhen: 000069.SZ - news) . 1, the company's head of natural gas said on Tuesday.

"Troll expects 36 for next year," Statoil Vice President Peder Bjorland, told Reuters on the sidelines of an energy conference in Vienna.

Last year, the Norwegian government increased the production quota from Troll, the country's largest gas field, to 36 bcm from 33 bcm.

ADVERTISEMENT

In 2018, Statoil expects its overall output and exports of natural gas to remain in line with 2017 levels, Bjorland said.

Britain's decision to leave the European Union is unlikely to affect Statoil's sale of gas, he added.

"I can't see that Brexit would impact our exports to the UK." (Reporting by Shadia Nasralla, writing by Terje Solsvik and Nerijus Adomaitis, editing by Louise Heavens)