Statoil Says Has no Plans to Invest in Gas Pipeline to Poland
OSLO, Jan 29 (Reuters) – Norway's Statoil will not invest in a gas pipeline to Poland, the company said on Friday, setting back plans by Polish gas company PGNiG to reduce its dependence on supplies from Russia.
PGNiG had said on Thursday it wanted to build a pipeline between Poland and Norway by 2022, when its current deal to buy gas from Russia's Gazprom expires.
"Statoil will not invest in this infrastructure," Elin A. Isaksen, a spokeswoman for Statoil, said in an email to Reuters.
"However, we regard Poland as an interesting market and will look into using such infrastructure should it be realized and given that it is commercially attractive."
Norway is the European Union's second biggest gas supplier after Russia, and Statoil is responsible for 70 percent of oil and gas output from the Norwegian continental shelf.
Statoil's comments came a day after the operator of Norway's offshore gas pipeline system, Gassco, said it had no plans to build new pipelines to continental Europe.
"We have had dialogue with several parties regarding Norwegian gas infrastructure, and PGNiG is one of them, but Gassco has no expansion plans to the European continent currently," Gassco spokeswoman Lisbet Kallevik said.
Gassco, when previously asked about plans to build new pipelines to Europe, said current pipeline capacity was optimised, suggesting it matched production capacity on the Norwegian continental shelf.
PGNIG, which has a 12 percent stake in the BP-operated Skarv field in the Norwegian Sea and stakes in several other fields on the Norwegian continental shelf, will present details of the Norway pipeline project later this year.
The Polish company had been involved in the Skanled pipeline project to bring Norwegian gas to Sweden, Denmark and possibly Poland. The 10 billion crown ($1.16 billion) project was suspended in 2009 due to the global economic crisis.
Gassco said at the time that project could be relaunched if commercial conditions improved. ($1 = 8.6341 Norwegian crowns)
(Reporting by Nerijus Adomaitis; Editing by Nina Chestney/Mark Heinrich)
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
- Big Oil Reuses Platforms in Latest Cost-Cutting Trick (Nov 15)
- Tight Oil, Shale to Drive Majors' Output to New Highs (Oct 16)
- Shell, Equinor Commit to Tanzania LNG as They Await Host Accord (Oct 16)
Company: PGNiG more info
- Poland's PGNiG Signs Agreements For Long-Term LNG Supplies From US (Jun 27)
- Poland Bets on LNG, Norway Gas as Divorce With Russia Looms (Feb 09)
- Poland's PGNiG Signs First Mid-Term Deal For LNG Supplies From US (Nov 21)