The pipeline will give the companies access to new markets and enable them to export natural gas from the Danish fields.
The new 26" pipeline will have a length of about 100 km and will pass through Danish, German and Dutch waters. The pipeline is planned to be fully operational in the fall of 2004. Total investments in the pipeline with associated facilities will be about DKK 1 billion. Maersk Oil & Gas AS will act as operator and be responsible for construction and operation of the pipeline.
The ownership of the pipeline will be as follows:
Each of the owners will hold capacity rights in accordance with its ownership interest and be free to market its capacity accordingly.
Most Popular Articles