Gassco, the Norwegian pipeline natural gas operator and one of the main competitors to LNG in Europe, said it transported its third-largest amount of gas to the Continent, though European gas sales, measured by export value, set a solid new record in 2021 as a result of the high prices.

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Norway, Western Europe’s biggest supplier of pipeline natural gas in competition to LNG, approved the go-ahead for the Northern Lights project, enabling the capture and sequestration of carbon-dioxide 2,600 metres below the seabed in geological strata to hand-off criticism of the fossil fuel industry.

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Norway, Western Europe’s largest oil and gas producer and the third-largest exporter of natural gas in the world after Russia and Qatar, has announced its 25th licensing round on the Norwegian Continental Shelf for February 2021.

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Equinor, the Norwegian energy company whose pipeline natural gas competes with LNG in Europe, swung to a first-quarter net loss of $710 million as it took a $2.45 billion hit for impairment charges in response to the Covid-19 pandemic and the oil price wipe out.

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Gaz-System and Energinet, the gas transport operators in Poland and Denmark respectively, have both taken a decision to invest in the Baltic Pipe development overseen by Gassco, the Norwegian natural gas pipeline operator providing one of the main competitors to LNG shipments and Russian gas.

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