On 13 January, Gassco handed over a report to the Norwegian Ministry of Petroleum and Energy assessing alternatives, needs and costs of capacity expantion of Barents Sea South operations.
The main takeaway is the recommendation of a new pipeline or a second liquefied natural gas (LNG) unit to boost its gas exports from the Arctic Barents Sea.
Building a second LNG unit would cost between 5.9 billion and 9 billion Norwegian crowns ($664 million to $1 billion), while a pipeline would cost 12.5 billion crowns.
Read the report below:
Evaluation of gas transport alternatives in the Barents Sea South
Also Petroleum and Energy Minister Listhaug offered 69 new production licenses in this year’s APA round. Great developments in the Norwegian Sea! Read the press release here.
Be present in our Holland Pavilion at ONS and book your spot here.