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

China Looks Best Placed to Weather Iran Energy Shock

QatarEnergy Selects Technip Energies JV for North Field West Expansion Work

Inpex Eyes Mid-Year Bids for $21B Indonesia LNG Project

GLO Marine to Invest $7M in New Vessel Retrofit Hub in Romania

MISC Secures Long-Term Charter for Papua New Guinea's First FSO

Vantage Drilling’s Ultra-Deepwater Drillship Heads to India Under $260M Contract

Australia and Timor-Leste Push to Advance Greater Sunrise Gas Field

Thailand's Gulf Energy Eyes Long-Term LNG Supply

Low Demand, High Supply Keeps Asia LNG Spot Prices Flat

Following Big Loss in 2025, Oil Steadies

Current News

Velesto Gets Shell’s Deepwater Job Offshore Malaysia

Subsea7 Extends Engagement on Türkiye’s Sakarya Field with New Deal

Asia’s Oil Reliance on Middle East Explained

Oil Prices Go Up 3% as Iran Crisis Disrupts Supply

Petronas Picks OceanSTAR Elite FPSO for Asian Oil and Gas Project

Velesto Inks Five-Year Drilling Deal for Jack-Up Rig with Petronas

Arabian Drilling Reactivates Fleet as GCC Offshore Contract Starts

Qatar LNG Halt Forces Asia to Seek Alternative Supplies

China Looks Best Placed to Weather Iran Energy Shock

Qatar Stops LNG Output, Other O&G Fields Shut as War Rages

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