The giant gas field that holds around 40 percent of total gas reserves on the Norwegian Continental Shelf (NCS) is set to produce a record amount of gas this year, just as gas demand in the UK is on the rise. Output at Norwegian field Troll —operated by Statoil—is expected to rise to record levels this year after Norway increased its production allowance for the field’s gas output, Bloomberg quoted a senior Statoil manager as saying. “They are gently and carefully opening the valve for Troll,” Tor Martin Anfinnsen, senior vice president for marketing and trading at Statoil, told Bloomberg in a phone interview last week. “There is higher demand in particular from the U.K. now but that doesn’t affect how much we produce in total, it more affects where we route the gas,” Anfinnsen noted. The UK—a large consumer of Norwegian gas—has vowed to shut all coal-fired power […]