Hydrocarbon Processing Copying and distributing are prohibited without permission of the publisher
Email a friend
  • Please enter a maximum of 5 recipients. Use ; to separate more than one email address.



Statoil suspends planned Snøhvit LNG expansion

10.02.2012  | 

Norwegian oil and gas major Statoil ASA said the owners of the Snøhvit natural gas field have decided to cancel work on a possible increase in gas export capacity from its LNG plant at Melkøya, as current gas finds do not provide the basis for further capacity.

Keywords:

By KATARINA GUSTAFSSON

Norwegian oil and gas major Statoil ASA said the owners of the Snøhvit natural gas field in the Barents Sea have decided to cancel work on a possible increase in gas export capacity from its liquefied natural gas plant at Melkøya.

Statoil said the Snøhvit partners have been looking at an expansion over the past 18 months, but have cancelled such plans for now because current gas finds do not provide the basis for further capacity.

"With new gas discoveries, increased capacity may again be considered," said Statoil, which owns 36.79% of Statoil and is the operator of the Snøhvit license.

Norwegian state-owned company Petoro holds 30% of the license, while Total E&P Norge owns 18.40%, GDF SUEZ E&P Norge holds 12% and RWE Dea Norge owns 2.81%.

The Snøhvit project is Europe's first and only export facility for LNG.


Dow Jones Newswires



Have your say
  • All comments are subject to editorial review.
    All fields are compulsory.

Related articles

FEATURED EVENT



Sign-up for the Free Daily HP Enewsletter!

Boxscore Database

A searchable database of project activity in the global hydrocarbon processing industry

Poll

Should the US allow exports of crude oil? (At present, US companies can export refined products derived from crude but not the raw crude itself.)


69%

31%




View previous results

Popular Searches

Please read our Term and Conditions and Privacy Policy before using the site. All material subject to strictly enforced copyright laws.
© 2014 Hydrocarbon Processing. © 2014 Gulf Publishing Company.