Gassco backing Barents pipeline

Burning bright: Norway is promoting gas as the fuel of the future

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Steve Marshall

, Steve Marshall

 17 January 2012 11:16 GMT

Norwegian gas infrastructure agency Gassco is backing construction of a new Nkr30 billion ($5 billion) pipeline to bring to market new discoveries in the Barents Sea, saying it could be in place by 2020.

In a report presented to Norway’s Oil & Energy Minister Ola Borten Moe on Tuesday, Gassco said such a northwards extension of the country’s existing gas transport network in the Norwegian Sea could be a “good solution” that would boost upstream activity in the Barents, according to the minister.

However, the fate of the putative 1000-kilometre pipeline, which would be financed by the industry, is likely to hinge on whether Statoil decides to build a second train at its Snohvit LNG facility on the island of Melkoya, off Hammerfest, with the state-owned…

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