Industry Trends: Norway targets global LNG market

E. Gerden, Contributing Writer Norway aims to become a leading player in the global LNG market during the next several years through the establishment of new, large-scale LNG terminals. At present, Norway is the third-largest exporter of gas in the world, providing approximately 25% of the EU’s gas demand. The country is Russia’s main competitor in the European gas market. In 2017, Norway raised its gas exports to 122 Bm3. Domestic consumption of gas in Norway is low, and nearly all the country’s gas production is exported. Most Norwegian gas sold on the European market is delivered to Germany, the UK, Belgium and France. Norwegian gas accounts for 20%–40% of total gas consumption in these