Norwegian gas exports rising

Sept. 27, 2004
Virtually all capacity in the Norwegian natural gas pipeline to continental Europe has been sold for the coming business year, which begins Oct. 1, said officials Friday at Gassco, the Norwegian gas transport operator.

By OGJ editors

HOUSTON, Sept. 27 -- Virtually all capacity in the Norwegian natural gas pipeline to continental Europe has been sold for the coming business year, which begins Oct. 1, said officials Friday at Gassco, the Norwegian gas transport operator.

"We have a little space to spare in the pipelines to Germany, but everything else has been filled," said Jacob Fagerheim, a manager at the state-owned company.

Gassco expects Norway to set an export record for the 2003 gas year, which ends Sept. 30. Sales are expected to total 75 billion standard cu m (bscm), up 4 bscm from the previous year. In January, exports hit a record 7.5 bscm.