LNG and pipeline exporter Norway formally opens latest field and high prices mean full cost recovery in 2022
Friday, 28 January 2022
Norwegian Minister of Petroleum and Energy Marte Mjøs Persen has formally opened the Martin Ling oil and natural gas field in the North Sea and because of high commodity prices full development costs of $7 billion project will be fully recovered in just over a year.
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Tagged under
- Martin Linge
- Martine Linge oil and gas field
- Norwegian North Sea gas
- Marte Mjøs Persen
- Norwegian gas for EU
- Equinor
- Equinor LNG
- Hammerfest LNG plant
- Low CO2 oil and gas
- TotalEnergies
- project finance
- gas profits
- commodity prices
- $7Bln payback in one year
- oil and gas prices boost projects
- EU natural gas
- Euoropean gas market
- Anders Opedal
- oil and gas profits
- Boost for FIDs
