Looking for a specific product?

Make a search for products & suppliers, articles & news.

Strengthening Resource Management – New Gas Tariffs

The Ministry of Petroleum and Energy has today set new lower tariffs for future agreements on treatment and transport of gas for most of the Gassled transport system. The objective is to facilitate sound resource management on the Norwegian continental shelf.

 

“Lower tariffs in Gassled will promote more exploration, encourage development of more discoveries and support effective resource utilisation on existing fields. This is sound resource management in practice,” says Minister of Petroleum and Energy Ola Borten Moe.

 The decision to set new tariffs is a concrete follow-up of important resource management principles: That transport must be viewed as a means and not an objective, and that the profit from oil and gas resources must be extracted on the fields, not in the infrastructure. These are decisive principles for ensuring production of socio-economically profitable resources, while also providing a reasonable return for the owners.

 Tariffs for signed transport agreements will remain unchanged. Transport agreements have already been signed for large parts of Gassled’s capacity for many years to come, and will generate considerable revenues for the owners. The new tariffs will not have any impact on these revenues. The owners will, in addition, gain revenues from new transport agreements.

Based on an overall assessment, the lower tariffs will take effect from the 2016 gas year (1 October 2016). Setting the new tariffs now will allow the industry opportunity to make sound decisions.

Lower gas transport costs will reinforce the competitiveness of Norwegian gas, while also ensuring a reasonable profit for Gassled’s owners,” says Ola Borten Moe.

A review of the decision and the Ministry’s assessments (in Norwegian) is available on the Ministry’s website, along with the amended regulations.

Background:
The Ministry submitted a proposed amendment to ”Regulations of 20 December 2002 no. 1724 on stipulation of tariffs, etc. for certain facilities” (the Tariff Regulations) for consultation on 15 January 2013.

The decision has been amended as regards two items as compared with the proposal submitted for consultation. The new tariffs will apply for transport agreements signed after the regulations take effect for gas that is transported or treated from and including the 2016 gas year (1 October 2016). The Ministry has emphasised considerations such as the fact that the resource effects of lower tariffs will gain strength gradually, over time. The Ministry has decided to maintain the tariffs for two pipelines in the rich gas area, tariff areas G (Kvitebjørn gas pipeline) and H (Norne gas pipeline).

The new tariffs are stipulated by means of an amendment to the Tariff Regulations. The amendment to the Regulations will take effect on 1 July 2013.

The Gassled Joint Venture owns most of the Norwegian gas infrastructure. The participants in Gassled are:

Petoro AS

45.793%

Solveig Gas Norway AS

24.756%

Njord Gas Infrastructure AS

 8.036% 

Silex Gas Norway AS

 6.102%

Infragas Norge AS

 5.006% 

Statoil Petroleum AS

 5.000%

Norsea Gas AS

 2.261% 

ConocoPhillips Skandinavia AS

 1.678% 

DONG E&P Norge AS

 0.983%

GDF SUEZ E&P Norge AS

 0.304%

RWE Dea Norge AS

 0.081%

Gassco is the operator of Gassled. More information about Gassco is available at www.gassco.no

 

Related news

Latest news

New 4K Displays Enable Cutting-Edge Multi-Data Fishing Vessel Bridge Solution from Furuno Norway

Newbuild Danish trawler 'Gitte Henning' first to benefit from large-format, ultra high definition bridge display innovation.

New DNV GL class notations aim to improve stern tube bearing performance

In the “Shaft align” class notations and the revised main class requirements for single stern tube bearing installations,

DNV GL provides due diligence to institutional lenders for investment in 659 MW Walney offshore wind project

Through DNV GL’s technical assessment to the group of lenders,

Welcome to the new service centre in Rørvik!

OK Marine will sell and offer service of its recognized cleaning fish products.

DNV GL boosts investment in 3D printing with establishment of Global Additive Manufacturing Centre of Excellence in Singapore

Through the newly established centre, DNV GL is running the recently announced collaboration with Sembcorp Marine,

DNV GL advised Partners Group on technical risks in its investment in Borssele III-IV

Due diligence on Dutch offshore wind project focused on technical risks.

Next generation hull calculation software: DNV GL launches Nauticus Hull version V20

With new ship rules and IACS requirements increasing the scope of hull design, 

Next generation hull calculation software: DNV GL launches Nauticus Hull version V20

With new ship rules and IACS requirements increasing the scope of hull design,

Steinsvik expands in northern Norway

These days, Steinsvik is establishing a service center in Tromsø.