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

Shell to Exit Australia's North West Shelf Project in $1.45B Deal with XRG

Big Oil Pockets Near-Record Profits but Spending Restraint Signals Long-Term Doubts

Inpex Moves $21B Indonesian LNG Project Closer to Investment Decision

Seatrium Inks $390M Deal to Complete Four Offshore Rigs for Keppel’s Rigco

Indonesia Cuts Singapore Pipeline Gas Flows by 9% to Meet Domestic Demand

Oil Markets Brace for Years of High Prices as Iran War Drags On

Seadrill Secures Offshore Drilling Deals Across Four Countries

Iran Set to Keep Hormuz Shut Until Seven Demands Are Met

Solstad Maritime Secures APAC Drilling Support Work for AHTS Pair

Inpex Takes Additional Stake in Ichthys LNG

Current News

TotalEnergies Inks 15-Year LNG Supply Deal with China's Jiangsu Guoxin

Baker Hughes Sets Up Global Network to Bolster Mature Oil and Gas Fields Production

Valaris Secures $600M in New Contracts as Backlog Rises to $4.8B

Production Restart at Australian Offshore Fields Boosts Jadestone's Oil Output

Aramco Targets Hormuz Bypass with East-West Pipeline Expansion

ADES Lands New Offshore Drilling Rig Deals in Angola and Indonesia

Shell to Exit Australia's North West Shelf Project in $1.45B Deal with XRG

Aramco Third Quarter Profit Up 35% Despite War Disruptions

Eni, Petronas JV Brings Indonesian Offshore Gas Field Online

CNOOC Set to Restore Production at Major South China Sea Gas Field

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