Statoil to Provide Europe’s Gas

Statoil and Wintershall have entered into a 10-year gas sales agreement for the delivery of a total of 45 billion cubic meters (bcm) to the German and other North-West European markets.

"This strategic agreement demonstrates the continued competitiveness of Norwegian natural gas in the German energy mix. Natural gas abundance and established infrastructure provides long term security of supply, and as the least CO2 intensive fossil fuel it can contribute to further reduction of German CO2 emissions," says Statoil’s President and CEO Helge Lund, adding that:  "We see this agreement as a confirmation of how important natural gas will be in shaping the long term German energy system."

"The agreement with Statoil, a long-term and reliable energy partner with Germany for decades, is a significant milestone for Wintershall. For us this means that we can also use the volumes we produce from the North Sea in Europe in the future without having to expand our own infrastructure," says Wintershall’s CEO Rainer Seele.

Germany consumes about 80 bcm natural gas per year and is the second largest gas market in Europe. Up to 5 bcm per year is a substantial volume, representing more than 6 per cent of the total German gas consumption. The volume corresponds to the annual gas usage of more than 2 million German homes, or the gas needed to fuel eight to nine 400 MW gas power plants.

The gas is priced at competitive terms related to German and NW European hubs. The gas will be delivered through existing pipeline infrastructure from the Norwegian Continental Shelf, with the bulk of the deliveries going to Germany

About Statoil’s gas position in Germany

Statoil is the second largest supplier of gas to Europe and has long standing ties towards the Germany gas market. Statoil’s gas reaches the German market through the Europipe I and II and Norpipe pipelines that landfall at Dornum and Emden in Northern Germany. The company’s German gas portfolio comprises long term gas sales contracts with major energy utilities and direct sales to large industrial users. Further, Statoil is trading at the Gaspool and NCG gas hubs, owner/operator of the Etzel gas storage and part owner in the NETRA pipeline.

About Wintershall

Based in Kassel, Germany, Wintershall Holding GmbH is a wholly owned subsidiary of BASF and has been active in the exploration and production of crude oil and natural gas for over 80 years. Wintershall focuses on selected core regions, where the company has built up a high level of regional and technological expertise. These are Europe, North Africa, South America, as well as Russia and the Caspian Sea region. In addition, these operations are complemented by the company’s growing exploration activities in the Middle East. Today, the company employs more than 2,000 staff worldwide from 40 nations and is Germany’s largest internationally active crude oil and natural gas producer.

Associated companies:


Related news

Latest news

Jotne Subsea Gas Lift for Balder Field

In April 2015, Jotne E&P was awarded an EPC contract to build the subsea gas lift manifold for Exxon Mobil on the Balder Field.

Jotne Awarded Contract for Subsea Protection Structure

In January 2016, Jotne E&P was awarded a contract for the delivery of a subsea protection structure and GRP cover for a Xmas tree at Balder field. The contract was awarded by Ocean Installer.

UiB and CMR in high-tech collaboration

Students from UiB last month joined an experiment with an ultra-high-speed camera. This was a part of the troubleshooting of the Field Kelvin Probe currently under development.

Hatteland Display at International Workboat Show 2016

Hatteland Display are highlighting its diverse portfolio of maritime displays and panel computers on its booth (#1658) at the International Workboat Show 2016 (IWBS 2016) this week.

Servogear Announces Upcoming Events

Servogear announces a busy end of November, beginning of December. They will be participating at important international exhibitions.

Teamtec and ANDRITZ Cooperation

ANDRITZ and TeamTec have signed a cooperation agreement for worldwide marketing of the SeaSOx exhaust gas cleaning system for the maritime industry. 

Export Credit Norway looking for Norway's Best Exporter

Export Credit Norway  has now opened the nomination process for the 2017 Export Award, searching the Norwegian exporter of the year. 

Global Economic Outlook

7 December, Oslo Chamber of Commerce invites to a session with insightful updates on the Norwegian and international economy.

Rebuilding for Hydrogen

M/Y “Che Guevara”, previously owned by Gaddafi, will be converted to run on hydrogen. Greenstat will lead the project and are seeking partners.