Page 8 - EurOil Week 13 2022
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EurOil PIPELINES & TRANSPORT EurOil
Aker BP gets OK to ramp up Skarv
gas exports
NORWAY AKER BP has secured permission from Norwe- its partners and Norway’s government to boost
gian authorities to ramp up gas flow to Europe supply at the Troll and Oseberg fields, two of the
Norwegian producers from the Skarv field off Norway, by sending sup- country’s largest.
have an incentive to plies that would otherwise have been injected Norwegian gas production exceeded the
pump as much gas as into reservoirs to boost oil recovery. state forecast by 9.3% in February, averaging
possible to Europe. Launched in 2013, the Aker BP-operated 347.8mn cubic metres per day during the
Skarv field in the north Norwegian Sea produced month. This was also 8.3% higher than the
8bn cubic metres of gas last year, but only 4.5 amount in February last year and 1.3% more
bcm of that supply was sold, according to data than in January 2022. Norwegian producers
published by the Norwegian Petroleum Direc- are well-positioned to benefit from sky-high
torate. Aker BP said. hub prices, as they sell most of their product on
Other Norwegian producers have similarly the spot market rather than under long-term
reduced gas injections to free up supplies for oil-indexed contracts.
export, incentivised by soaring gas prices on the Moving forward, Norway will gain in May
European market. Equinor took this decision from the scheduled relaunch of the Hammer-
last year at the Heidrun and Gina Krog fields. fest LNG terminal after over a year and a half of
The state-owned producer is also working with repairs following a major fire in October 2020.
Croatia to expand capacity
of Krk LNG terminal
CROATIA CROATIA plans to expand the capacity of its plants there,” Plenkovic said.
floating LNG (FLNG) terminal off the island of He added that the country expects EU fund-
The facility was Krk to 2.9bn cubic metres (bcm) from the cur- ing for this expansion. The country should also
launched at the start of rent 2.6mn cubic metres annually, Prime Minis- expand the oil storage capacity, as well as the
2021. ter Andrej Plenkovic said in a statement. capacity for gas transportation.
The government has said the country’s oil The Croatian government is taking steps to
needs can be fully met thanks to the terminal. increase its energy production capacity. Ear-
In February, Plenkovic said it will secure enough lier in March, the Economy and Sustainable
gas in case Russia stops natural gas deliveries. Development Minister Tomislav Coric that
Plenkovic said that the current infrastructure Croatia intends to increase its gas production
allows for this increase. with six new wells. He added that the total
“We believe that we can achieve this increase domestic production this year is expected to
with the current infrastructure of our LNG ter- exceed 1 bcm, which meets 40% of domestic
minal thanks to all the ships and all the existing demand.
P8 www. NEWSBASE .com Week 13 31•March•2022
