Equinor to Invest $1.3 Billion to Upgrade Norway’s Hammerfest LNG Plant
(Reuters) — Equinor and its partners in the Arctic Snoehvit gas field will invest 13.2 billion Norwegian crowns ($1.34 billion) to upgrade the Hammerfest LNG plant, which processes the output, the government and companies said on Tuesday.
Hammerfest LNG, also known as Melkoeya, delivers 6.5 billion cubic meters of gas per year, enough to cover energy demand for about 6.5 million European homes, or 5% of all Norwegian gas exports, the companies said.
Equinor and its partners plan to install onshore gas compressor units at Melkoeya, which will extend plateau production from Snoehvit, they said.
"These investments, which allow us to utilize the capacity at Hammerfest LNG for decades to come, are key to ensuring Norway remains a long-term, predictable supplier," Minister of Petroleum and Energy Terje Aasland said in a statement.
The companies will also replace the Hammerfest plant's gas turbine generators with an onshore power connection, cutting carbon dioxide emissions by 850,000 tonnes a year.
The electrification plans also mean that transmission system operator Statnett will build a high-voltage power line to Hammerfest.
"The project will secure long-term operations and gas exports from Melkoeya towards 2050," Geir Tungesvik, Equinor's head of projects, drilling & procurement, said in a separate statement.
The owners of Snoehvit are Equinor (36.79%), Petoro (30%), TotalEnergies (18.40%), Neptune Energy (12%) and Wintershall Dea (2.81%).
($1 = 9.8846 Norwegian crowns)
Related News
Related News
- Kinder Morgan Proposes 290-Mile Gas Pipeline Expansion Spanning Three States
- Enbridge Plans 86-Mile Pipeline Expansion, Bringing 850 Workers to Northern B.C.
- Three Killed, Two Injured in Accident at LNG Construction Site in Texas
- Tallgrass to Build New Permian-to-Rockies Pipeline, Targets 2028 Startup with 2.4 Bcf Capacity
- TC Energy Approves $900 Million Northwoods Pipeline Expansion for U.S. Midwest
- A Systematic Approach To Ensuring Pipeline Integrity
- U.S. Pipeline Expansion to Add 99 Bcf/d, Mostly for LNG Export, Report Finds
- Enbridge Adds Turboexpanders at Pipeline Sites to Power Data Centers in Canada, Pennsylvania
- Great Basin Gas Expansion Draws Strong Shipper Demand in Northern Nevada
- Cheniere Seeks FERC Approval to Expand Sabine Pass LNG Facility
Comments