LNG

Gassco, the Norwegian natural gas pipeline operator and one of the main competitors to LNG, transported 114.2 billion cubic metres of gas during 2018 from the Norwegian Continental Shelf to mainland Europe and the UK.

Gassco, the Norwegian natural gas pipeline operator and one of the main competitors to LNG, hit a record for summer season deliveries to Europe and will soon be opening its new Polarled pipeline to carry even more volumes from the Norwegian Continental Shelf.

Aker Solutions, the Norwegian energy project engineering and oil and gas services company seeking more LNG work in subsea, gas compression and floating facility design said its first-half order intake amounted to 14.3 billion Norwegian crowns ($1.76Bln), almost double the amount of a year ago.

Equinor, the Norwegian energy company formerly known as Statoil has awarded a major contract to Nexans in France to design, manufacture and supply a total of 42 kilometres of static infield and inter-field umbilicals to control the subsea production systems linked to the Hammerfest LNG plant.

Gassco, the Norwegian natural gas pipeline operator and one of the main competitors to LNG, said it would in future provide more details on planned maintenance, unplanned incidents and the flow of gas in and out of the transport system.

Aker Solutions, the Norwegian energy project engineering and services company, said it was bolstering its liquefied natural gas capabilities and had hired more project specialists to capitalize on an expected surge in global demand for the fuel.

Norwegian pipeline natural gas, the main competition to LNG in the UK and four other European markets as well as to Russian gas, has set a new record for exports in 2016 when 108.56 billion cubic metres were delivered.

July 15 (LNGJ) - Russian and Norwegian natural gas pipeline exports to Europe, the main competition to LNG, are continuing at high levels amid the lowest prices since 2004, according to International Monetary Fund data. Russian natural gas pipeline prices at the German border reached a record low of $3.99 per million British thermal units in May 2016, the lowest level since September 2004, and averaged $4.04/MMBtu in March-June. “Russian pipeline export prices are generally linked to the prices of crude oil and petroleum products with a lag of several months, and with declines in crude oil prices, natural gas prices have also declined. At the same time, spot prices at the European natural gas pricing benchmark National Balancing Point in the UK averaged $4.86 per MMBtu in June,” the report said.