Norway’s Gas Exports Hit Summer High; Pipeline System Sets Record
By Lefteris Karagiannopoulos, Reuters
OSLO (Reuters) – Norway’s gas exports hit a new high of 36.8 Bcf this summer and the annual deliveries will be on a par with the record annual figure achieved in 2017, gas system operator Gassco said Friday.
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.
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.
“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.
Related News
Related News
- Energy Transfer Subsidiary Selects KTJV for Lake Charles LNG Export Project
- Phillips 66 to Shut LA Oil Refinery, Ending Major Gasoline Output Amid Supply Concerns
- FERC Sides with Williams in Texas-Louisiana Pipeline Dispute with Energy Transfer
- U.S. Appeals Court Blocks Kinder Morgan’s Tennessee Pipeline Permits
- ConocoPhillips Eyes Sale of $1 Billion Permian Assets Amid Marathon Acquisition
- U.S. Appeals Court Blocks Kinder Morgan’s Tennessee Pipeline Permits
- Malaysia’s Oil Exports to China Surge Amid Broader Import Decline
- U.S. LNG Export Growth Faces Uncertainty as Trump’s Tariff Proposal Looms, Analysts Say
- Marathon Oil to Lay Off Over 500 Texas Workers Ahead of ConocoPhillips Merger
- Valero Considers All Options, Including Sale, for California Refineries Amid Regulatory Pressure
Comments