Norway's current account surplus soars to record $30 bln in Q4

OSLO, March 2 (Reuters) - Norway's current account surplus rose to a record in the fourth quarter as the price of its oil and gas exports soared, national statistics agency (SSB) data showed on Wednesday.

The October-December surplus hit 269.5 billion Norwegian crowns ($30.28 billion), up from 4.3 billion crowns a year earlier.

The previous record was set in the third quarter of 2021 and amounted to 156.1 billion crowns.

With a daily output of around four million barrels of oil equivalent, almost equally divided between oil and natural gas, Norway has been a winner Link from the spike in global energy prices.

Led by state-controlled Equinor EQNR.OL , Norway supplies around 22% of the natural gas consumed in the European Union, second only in size to Russia's 34% market share, according to Norwegian government data. ($1 = 8.8988 Norwegian crowns)
Reporting by Terje Solsvik, editing by Victoria Klesty

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