October 1, 2022

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Norway on observe for report fuel export, might be prepared for winter -Gassco CEO

By Nora Buli STAVANGER, Norway (Reuters) – Norway’s fuel export system is ready to ship...

By Nora Buli

STAVANGER, Norway (Reuters) – Norway’s fuel export system is ready to ship report volumes of vitality to Europe and is dedicated to sending massive quantities within the coming years, the pinnacle of pipeline system operator Gassco advised Reuters.

The Nordic nation has turn into Europe’s largest provider of fuel this 12 months, in keeping with Refinitiv Eikon knowledge, overtaking Russia even earlier than final week’s shutdown of the Nord Stream 1 pipeline.

Gassco’s system provides fuel through pipelines to Britain, Germany, Belgium and France and the corporate this 12 months deferred summer time upkeep to make sure regular flows as Russian piped fuel deliveries dwindled.

“We have now this summer time delivered what we’d normally ship in winter months,” Gassco CEO Frode Leversund stated in an interview.

Deliveries this 12 months have already elevated by the equal of 60 terawatt hours, or 4.97 billion cubic metres (bcm) of fuel, in keeping with Gassco figures.

September will see a interval of needed, deliberate upkeep that might decrease capability, however the system will “be prepared for the beginning of winter” on Oct. 1, Leversund stated.

Norway continues to be set to ship a brand new annual report of greater than 117 bcm of fuel by means of its pipelines in 2022, up from 113.2 bcm final 12 months, the CEO stated.

With the same quantity of upkeep anticipated within the subsequent two to a few years, this also needs to guarantee continued excessive provides, he added.

A brand new pipeline connecting Norway to Poland through Denmark, referred to as Baltic Pipe, resulting from begin operations in October, may also carry Gassco’s total capability, he stated.

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Nevertheless, the precise affect from the addition of the pipe, a so-called looping impact, will solely turn into clear as soon as operation begins and the interplay with legacy techniques begins, he added.

Together with liquefied pure fuel, total Norwegian fuel output may rise by 8% this 12 months to 122 bcm, in keeping with official forecasts made in Might.

Nord Stream 1, which runs beneath the Baltic Sea from Russia to Germany, traditionally equipped round a 3rd of the fuel exported from Russia to Europe, however is now halted indefinitely.

 

(Reporting by Nora Buli, modifying by Terje Solsvik and Louise Heavens)