Europipe II, a natural gas pipeline from the Kårstø processing plant north of Stavanger to a receiving terminal at Dornum in Germany
Norway’s gas flows take a dive
Europe’s congested gas market sees Norwegian sales drop to an almost three-year low
Norway sold less than 265mn m³/d of gas in August, according to the latest figures from the Norwegian Petroleum Directorate (NPD), the lowest monthly figure since September 2016. Gas sales for the October-September Gas Year (GY) will be materially lower than in the previous two GYs, and could finish back closer to the levels of GY14-15 and GY15-16. The European gas market continues to feel the effects of a mild last winter both in Europe, which left domestic storage stocks high, and in Asia, which ended up oversupplied with LNG cargoes. Combined with continuing ramp-up from new LNG liquefaction plants globally, Europe has struggle to absorb gas supply by switching from coal to gas-fired po
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