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Gassco Presents Report on Gas Transport from Barents Sea South

Gasoil News - Published on Tue, 21 Jan 2020

Image Source: Gassco
Gassco presented a new report regarding the transport of gas from the southern Barents Sea. The report shows that it could be socio-economically profitable to increase the transport capacity for gas, thereby further increasing value creation in the Barents Sea. The report, "Assessment of gas transport alternatives in the southern Barents Sea", was presented to Minister of Petroleum and Energy Sylvi Listhaug. The Norwegian Petroleum Directorate contributed in the preparation of the report. The objective was to prepare a broad and up-to-date factual basis in order to assess the opportunities for greater value creation associated with increased transport capacity for gas from the southern Barents Sea.

The study's two most important observations are:

Increased gas export capacity will facilitate greater value creation from fields and discoveries where resources have already been proven.

Investments in new gas transport capacity could facilitate greater value creation from both proven and undiscovered resources.

The report provides a broad factual basis and proposes joint solutions that could contribute toward further developing natural resources in the Barents Sea region. Gas export from the Barents Sea currently only takes place via the Snøhvit LNG plant on Melkøya.

Current capacity at the Melkøya LNG plant will be fully utilised through 2050 based on volumes from fields in operation and from discoveries under development.

The NPD assisted Gassco in the assessments of the resource base for fields and discoveries, and developed separate scenarios for undiscovered resources. These show that there may be a need for new transport capacity before 2050.

Source :

Posted By : Yogender Pancholi on Tue, 21 Jan 2020
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