Commodities
Biggest Norwegian gas companies expect to deliver record gas volumes to Europe this year
Biggest Norwegian gas companies are expected to deliver record gas volumes to Europe this year, Frode Leversund, CEO of Norwegian gas transport operator Gassco, told Reuters.
Also, a whole list of Norwegian oil and gas companies will be exporting large volumes of gas to the EU in the next few years.
According to Refinitiv Eikon, Norway has become the largest supplier of gas to Europe this year, surpassing Russia. According to Gassco, Norwegian gas deliveries to Europe this year increased by 4.97 billion m3.
Norway’s export capacity will be reduced in September due to planned maintenance work. But the country’s gas transportation system on Oct. 1 “will be ready for the beginning of winter,” Leversund said.
According to him, the supply of pipeline gas from Norway to Europe in 2022 could reach a record 117 billion m3 compared to 113.2 billion m3 last year.
With a similar duration of technical work in the next two or three years, Norway will be able to provide consistently high volumes of supplies, he added.
Earlier we reported that the cost of copper is rising on concerns around supply.
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