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Norway on track for record gas export, will be ready for winter – Gassco CEO

The logo of Norwegian company Gassco is pictured on a water tank at Norwegian company Gassco’s new gas import terminal in Emden, Germany May 24, 2016. REUTERS/Fabian Bimmer

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STAVANGER, Norway, September 5 (Reuters) – Norway’s gas export system is expected to deliver record volumes of energy to Europe and is committed to sending large amounts in coming years, Reuters has been told. the manager of the gas pipeline network operator Gassco.

The Nordic country has become Europe’s biggest gas supplier this year, according to data from Refinitiv Eikon, overtaking Russia even before the shutdown of the Nord Stream 1 gas pipeline last week. Read more

Gassco’s system delivers gas via pipelines to Britain, Germany, Belgium and France and the company has postponed summer maintenance this year to ensure steady flows as gas deliveries by Russian pipeline was decreasing.

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“We delivered this summer what we usually deliver in the winter months,” Gassco CEO Frode Leversund said in an interview.

Deliveries this year have already increased by the equivalent of 60 terawatt hours, or 4.97 billion cubic meters (bcm) of gas, according to figures from Gassco.

September will see a period of planned maintenance required which would reduce capacity, but the system will be “ready for the onset of winter” on October 1, Leversund said.

Norway is still set to deliver a new annual record of more than 117 billion m3 of gas through its pipelines in 2022, up from 113.2 billion m3 last year, the CEO said.

With a similar volume of maintenance expected in the next two to three years, this should also ensure a high and continued supply, he added.

A new gas pipeline linking Norway to Poland via Denmark, called the Baltic Pipe, which is expected to come into service in October, could also increase Gassco’s overall capacity, he said.

However, the exact impact of adding the pipe, a so-called loopback effect, will only become clear once mining begins and interaction with existing systems begins, he added. .

Including liquefied natural gas, Norway’s overall gas production could increase by 8% this year to 122 billion cubic meters, according to official forecasts issued in May. Read more

Nord Stream 1, which flows under the Baltic Sea from Russia to Germany, historically supplied around a third of the gas exported from Russia to Europe, but is now shut down indefinitely. Read more

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Reporting by Nora Buli, editing by Terje Solsvik and Louise Heavens

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