By OGJ editors
HOUSTON, Jan. 4 -- Statoil ASA and ConocoPhillips Norge, Tananger, Norway, have established GasPort, a 50:50 company designed to improve operational efficiency at two natural gas receiving terminals and a metering station at Emden, Germany. The partnership aims to reduce annual operating costs by 30% to 2008.
The Gassled partnership—a joint venture of oil and gas companies on the Norwegian continental shelf and the owner of the Norwegian gas transport infrastructure—owns both receiving stations, where Norway's state-owned Gassco AS is operator. GasPort will serve as the technical service provider on behalf of the owners.
The facilities will handle as much as 165 million cu m/day of gas from the Norwegian continental shelf through the Norpipe, Europipe I, and Europipe II pipelines. Their capacity equals about two thirds of German gas consumption.
Terje Faae, head of Statoil's transport network and terminals will serve as chairman of GasPort, and Elko Berents, ConocoPhillips' terminal manager, president. The two positions will alternate between the partners at intervals of 3-5 years.
Trond-Erik Johansen assumed presidency of ConocoPhillips Norge Jan. 1.