U. K. , Norway producers push gas exports to mainland Europe

Journal Article · Mon Aug 17 04:00:00 EDT 1992 · Oil and Gas Journal; (United States)

OSTI ID:7179953

This paper reports that producers in Norway and the U.K. are moving toward their goals of increasing natural gas exports to mainland Europe. Troll and Sleipner fields on the Norwegian continental shelf, along with the Zeepipe and Europipe lines linking Norway with mid-Europe, are the main building blocks of the Troll gas sales agreement, the foundation for Norway's plans. Total investment will exceed $11 billion. The Troll agreement involves about 28 billion cu m of gas and is currently the subject of negotiations between Troll field partners and the buyers. In 1986, when the contract was first agreed, it was a buyer's market. Increasing demand in the last 2 years has changed that. Also, new taxes on gas and oil products have driven both parties back to the negotiating table. Adjustments cane be called for every 3 years under the Troll contract; this is the first time parties have invoked the provision. Torstein Indrebo of Norsk Hydro says the contract gas price is based on prices of competing energy sources, such as oil, coal fired electricity, and nuclear power. Because volumes are so large, he says, small adjustments in the gas price have a large effect.

• OSTI ID: 7179953
• Journal Information: Oil and Gas Journal; (United States), Journal Name: Oil and Gas Journal; (United States) Vol. 90:33; ISSN OIGJA; ISSN 0030-1388
• Country of Publication: United States
• Language: English

Related Subjects

03 NATURAL GAS
030600* -- Natural Gas-- Economic
Industrial
& Business Aspects
42 ENGINEERING
423000 -- Engineering-- Marine Engineering-- (1980-)
COMPETITION
CONTRACTS
DEVELOPED COUNTRIES
ENERGY SOURCES
EUROPE
EXPORTS
FLUIDS
FOSSIL FUELS
FUEL GAS
FUELS
GAS FUELS
GASES
INDUSTRY
NATURAL GAS
NATURAL GAS INDUSTRY
NORWAY
OFFSHORE OPERATIONS
PRICES
SCANDINAVIA
TRADE
UNITED KINGDOM