Ownership of Norway's Nyhamna gas export plant to expand
OSLO (Reuters) -- The ownership of Norway's Nyhamna gas-processing plant, a major supplier of energy to Britain, could expand to 13 companies this year from five now when Gassco succeeds Royal Dutch Shell as the facility's operator, Shell told Reuters.
|Photo Courtesy of Shell.
Currently processing gas from the offshore Ormen Lange field, Nyhamna will also receive gas from Statoil's Aasta Hansteen and other fields from late 2018 via the new Polarled pipeline.
The plant exports gas to Britain via the Langeled pipeline, which can meet about 20% of Britain's gas needs.
A new ownership structure will reflect the addition of more gas input sources, allowing the Polarled owners to take stakes in the plant, Gassco said.
"We can confirm that the Nyhamna gas plant will become part of a new joint venture," said a Gassco spokeswoman, declining to comment on how the ownership will be split.
Gassco said Shell was expected to remain technical service provider (TSP) at Nyhamna, meaning the company will continue to handle daily operations, similar to the TSP role Statoil plays at the Gassco-operated Kaarstoe and Kollsnes gas plants.
"Shell is one of 13 parties with future ownership interests," Shell said in an email to Reuters, declining to elaborate further on the process.
The Nyhamna plant is currently owned by Ormen Lange license partners Norway's Petoro, Statoil, Shell, Denmark's DONG Energy and ExxonMobil.
Potential future owners include France's Total, Wintershall, the oil and gas subsidiary of Germany's BASF, Italy's Edison, ConocoPhillips and Austria's OMV.
Norway's oil and energy ministry must approve the new ownership structure and set gas transportation tariffs that will ultimately impact the profitability of the pipelines and processing system.
"The decision (on tariffs) will be made before start-up of operations of the new facilities ... after a proposal is sent on public consultation," a ministry spokesman said.
Reporting by Lefteris Karagiannopoulos; Additional reporting by Nerijus Adomaitis; Editing by Terje Solsvik and Dale Hudson
Large-scale production of shale gas in the US, which began around the turn of the century, is now feeding US exports in the form of LNG.
Annual demand for natural gas in the EU is pegged at approximately 380 Bm3y–450 Bm3y. A portion of this demand is met by regional production within the EU. However, the European energy system is beset by challenges that are impacting EU gas supply.
ADIP ULTRA: ADIP-X Reimagined
View on Demand
Shell Global Solutions International BV (Shell) is launching the improved process technology ADIP ULTRA, for cost-effective removal of CO2 down to <50ppmv. The ADIP ULTRA process is applicable in gas plants, LNG, pre-NGL, refinery HMUs and gasification syngas.
•Discover how looking back at decades of ADIP and ADIP-X operational experience has led to the cost effective ADIP ULTRA process
•Understand how Shell’s new absorption column internals can further enhance process performance
•Learn how Shell is a reliable partner of choice who helps you get the most out of your unit
•An opportunity to ask questions to Shell’s technical experts
May 9, 2017 9am UTC
View on Demand