Looking for a specific product?

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

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

New partners in sensors and geothermal

Associate Professor Mona Mihailescu from University Politehnica of Bucharest, Romania visited CMR. She is also due to visit Iceland where her other partner in green energy is situated.

Resolutuions at Semcon's annual general meeting 2017

Semcon’s Annual General Meeting (AGM) was held on Wednesday April 26,

DNV GL launches new PSC Planner application

Classification society DNV GL has launched a new application on its My DNV GL portal

300 solutions that will change the world

Global Opportunity Explorer launch

Wind powered oil recovery concept moves closer to implementation

The DNV GL-led joint industry project,

Feeding the future with AKVA

AKVA group has seen a strong market response to the new AKVAconnect feeding system, released late 2016 into the Chilean market. Customer feedback has been very positive resulting in a strong increase in sales.

The Mohammed bin Rashid Al Maktoum Solar Park Phase II will be managed by GreenPowerMonitor monitoring solutions

The project forms part of the larger 1 GW Mohammed bin Rashid Al Maktoum Solar Park

Chalet and chaletino, oak flooring of exceptional length and width

Chalet and Chaletino from BOEN is parquet flooring made with exceptionally wide and long planks of the finest timber.

Fire in Vestdavit offices – Possible disruption of service

Vestdavit and all staff would like to express sincere thanks for the inquiries and good wishes sent to us by our industry partners,