Norway's Gas Exports Set to Match Annual Record

By Lefteris Karagiannopoulos
Friday, September 21, 2018

Norway's gas exports hit a new high of 36.8 billion cubic meters (bcm) this summer and the annual deliveries will be on a par with the record annual figure achieved in 2017, gas system operator Gassco said on Friday.

Between May and August, which is normally a season with fewer gas exports, Norway's deliveries almost matched a normal winter level as European importers needed to refill depleted gas storages which drained during last year's cold winter.

"It's too early to say exactly where we'll end up this year, but we expect another good performance which will be roughly on a par with the 2017 record," Gassco Chief Executive Frode Leversund said in a statement.

Gassco transported 117.4 bcm through pipeline systems from Norway to continental Europe and Britain during 2017. This was the highest volume sold in 40 years of Norwegian gas exports.

Exports to Germany via the Emden terminal, which became operational in 2016, made a strong contribution to this summer's record deliveries, Gassco added.

"Not only has Norway's continental shelf delivered larger volumes than before, but the transport system has also handled these increased quantities well," said Leversund.

Later this year, Norway will open its new Polarled pipeline to carry more gas from its Aasta Hansteen field in the Norwegian Sea, said Gassco.

"As operator of both Polarled and Nyhamna, we expect great interest in this region from a number of players. Our strong summer deliveries strengthen that belief," it said.

Aasta Hansteen is expected to start sending gas to Gassco's Nyhamna processing plant from October, Equinor said earlier this year.


(Reporting by Lefteris Karagiannopoulos Editing by Edmund Blair)

Categories: Offshore Tankers Ports Energy LNG Pipelines

Related Stories

Mitigate SCC & HE to Keep Offshore Metal Structures Ship Shape

Woodside to Shed Some Trinidad and Tobago Assets for $206M

Keel Laying for Wind Flyer Trimaran Crew Boat

Woodside Inks Long-Term LNG Supply Deal with China Resources

ADNOC Secures LNG Supply Deal with India's BPCL

Japan's Mitsui Eyes Alaska LNG Project

Petronas Preps for Sabah-Sarawak Gas Pipeline Decom Op

Abu Dhabi's NMDC Group Gets $1.1B Subsea Gas Pipeline Job in Taiwan

The Five Trends Driving Offshore Oil & Gas in 2025

Floating LNG Conversion Job Slips Out of Seatrium’s Hands

Current News

Mitigate SCC & HE to Keep Offshore Metal Structures Ship Shape

India Stretches Bids Deadline for 13 Offshore Deep-Sea Mineral Blocks

Indonesia Awards Oil and Gas Blocks to Boost Reserves

Sapura Energy Nets $22.6M in Offshore Support Vessel Contracts

CNOOC Puts Into Production New Oil Field in South China Sea

Sunda Energy Starts Environmental Consultation for Chuditch-2 Well Drilling Plans

Pakistan’s OGDC to Start Production at ADNOC’s Offshore Block by 2027

Petrovietnam, Petronas Extend PSC for Offshore Block

Sapura Energy Scoops Close to $9M for O&M Work off Malaysia

Hanwha Ocean Marks Entry into Deepwater Drilling Market with First Drillship

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com