Statoil helps establish new gas distributor for southeastern Norway

Norway Statoil ASA and Østfold Energi AS established a natural gas marketing and distribution company, Naturgass Øst AS, to serve Østfold County in southeastern Norway.

Dec. 11, 2003

By OGJ editors
HOUSTON, Dec. 11 -- Norway Statoil ASA and Østfold Energi AS established a natural gas marketing and distribution company, Naturgass Øst AS, to serve Østfold County in southeastern Norway.

Naturgass Øst plans to start gas deliveries in 2006. Norwegian government officials early next year are expected to consider national policy on future gas use. The discussion is part of a process to clarify the commercial basis for creating a supply chain of LNG terminals along the Norwegian coast.

Several companies with the same objectives as Naturgass Øst have been founded in various coastal areas, Statoil said.

"Negotiations have already been initiated with potential industrial customers in Østfold," said Arvid Martinussen, Naturgass Øst president.