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: Tankers Pipelines Energy Offshore Ports LNG

Related Stories

Oil Slumps as US-Iran Reach Initial Peace Deal to Reopen Strait of Hormuz

Oil Falls More Than 2% as US-Iran Tensions Ease

ADNOC Looks to Canada for Upstream and LNG Growth Through XRG

Oil Prices Slide as Israel-Iran Suspend Strikes

SBM Offshore to Sell 45% Stake in Mexico-Bound FSO to NYK

Inpex Faces Threat of Broad LNG Loading Ban as AU Labour Dispute Deepens

Oil Prices Fall Amid Signs of US-Iran Ceasefire Extension Deal

Indonesia Locks In LNG Supplies from Inpex' Abadi and Eni’s South Hub

Oil Prices Rise as Iran Talks Stall and Inventories Shrink

Iraq, Pakistan Secure Oil Shipments via Hormuz with Iran Agreements

Current News

Japan’s Shipping Industry Awaits Clarifications on Hormuz Reopening

Oil Slumps as US-Iran Reach Initial Peace Deal to Reopen Strait of Hormuz

JERA Takes Delivery of First LNG Cargo from Australia's Barossa Gas Project

Inpex’s Ichthys LNG Strike Persists as Fair Work Hearing Gets Postponed

Oil Falls More Than 2% as US-Iran Tensions Ease

TGS Books 3D Streamer Seismic Job in Africa and Middle East region

Hormuz Reopening Could Trigger OPEC’s Next Big Challenge

EnQuest to Buy Malaysia Offshore Interests in $833M Deal

Oil Holds Steady as Markets Assess Renewed US-Iran Hostilities

ADNOC Looks to Canada for Upstream and LNG Growth Through XRG

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