SUBSCRIBE
PROFILE

Accelerated growth in Norwegian gas exports to Great Britain

Norway is planning a rapid increase in gas exports to Great Britain via the Langeled pipeline, in response to a recent blackout affecting European prices.

Share:

Exportations rapides gaz norvégien

Gain full professional access to energynews.pro from 4.90$/month.
Designed for decision-makers, with no long-term commitment.

Over 30,000 articles published since 2021.
150 new market analyses every week to decode global energy trends.

Monthly Digital PRO PASS

Immediate Access
4.90$/month*

No commitment – cancel anytime, activation in 2 minutes.

START NOW — 4.90$/month

*Special launch offer: 1st month at the indicated price, then 14.90 $/month, no long-term commitment.

Annual Digital PRO Pass

Full Annual Access
99$/year*

To access all of energynews.pro without any limits

SUBSCRIBE — 99$/year

*Introductory annual price for year one, automatically renewed at 149.00 $/year from the second year.

Sign up for free to unlock this article

Norway, now Europe’s main gas supplier after Russia, is speeding up the resumption of exports to Great Britain via the Langeled pipeline. Gassco, the Norwegian system operator, announced that available volumes will reach 45 million cubic meters (mcm) per day by Friday, exceeding the 35 mcm initially projected on Wednesday. This decision follows a blackout on Sunday that led to a significant rise in gas prices across Europe. Nyhamna, the gas processing plant for the Langeled pipeline, has a capacity of 79.8 mcm per day in full operation. The recent outage, caused by a crack in a two-inch pipeline on Equinor’s Sleipner Riser offshore platform, disrupted production and led to gas prices reaching 38.56 euros per megawatt-hour (MWh) on Monday, the highest level since December.

Overall impact on gas prices

The rapid increase in exports is intended to stabilize gas prices in Europe, currently at 33.5 euros per MWh, a slight rise of 0.4% on the previous day. The incident had global repercussions, driving up gas prices in the US and Asia due to concerns about remaining Russian gas supplies, and an Asian heat wave increasing competition for LNG. The United States, a major LNG exporter, has also felt the effects of this disruption, with increased demand for its exports driving up domestic gas prices. Norway’s resilience and speed of response are crucial to limiting long-term impacts on the global energy market.

Norway: Pillar of European Energy

In 2022, Norway surpassed Russia as Europe’s main gas supplier, supplying around a quarter of the continent’s demand. This strategic position makes any interruption in production a potential trigger for price rises. Norway’s ability to respond quickly and effectively to such disruptions is essential to the region’s energy stability. The recent blackout and Norway’s rapid response highlight the crucial importance of energy infrastructure and rapid response capabilities in ensuring a stable and reliable supply of natural gas. This situation also highlights Europe’s ongoing challenges to diversify its energy sources and strengthen the resilience of its energy network in the face of disruptions.
The development of Norway’s gas exports will continue to be a key indicator for global energy markets, influencing gas prices and availability not only in Europe, but also in other regions of the world.

  • Popular on energynews.pro
Bringing forward the EU gas ban would push up TTF in Central Europe
GreenIT secures €370 million financing for onshore wind projects
Nexans installs record-breaking 2,150-metre deep power cable in Italy
Italian judge approves extradition of Ukrainian linked to Nord Stream sabotage
MCF Energy reaches 3,310 metres on the Kinsau-1A well in Germany
Fifth sanctioned Russian LNG carrier docks at Beihai terminal in China
The Iris carrier, part of the Arctic LNG 2 project, docked at China’s Beihai terminal despite US and EU sanctions, signalling intensifying gas flows between Russia and China.
Blackstone acquires Hill Top Energy Center for nearly $1bn in Pennsylvania
Blackstone Energy Transition Partners announces the acquisition of a 620-megawatt gas-fired power plant for nearly $1bn, reinforcing its energy investment strategy at the core of America’s digital infrastructure.
Argentina targets Brazil for gas exports despite Bolivian fees
Argentina aims to boost gas sales to Brazil by 2030, but high transit fees imposed by Bolivia require significant public investment to secure alternative routes.
Russian Arctic LNG 2 deliveries to Asia to slow this winter
The accelerated arrival of Russian cargoes in China has lowered Asian spot LNG prices, but traffic is set to slow with the seasonal closure of the Northern Sea Route.
Nigeria and Libya study 3,300 km gas pipeline to connect to Europe
Nigeria and Libya have initiated technical discussions on a new pipeline project to transport Nigerian gas to Europe through the Mediterranean network.
China–Russia: Beijing secures a gas hedge with PoS2 and LNG cargoes
Shipments of liquefied natural gas and higher pipeline flows strengthen China’s gas optionality, while testing the sanctions regime and reshaping price–volume trade-offs for the next decade.
Canada fast-tracks five major energy and mining projects
The Canadian government aims to reduce approval delays for strategic projects, including liquefied natural gas, nuclear and mining operations, amid growing trade tensions with the United States.
Sub-Saharan Africa LNG exports expected to triple by 2034
Liquefied natural gas exports in sub-Saharan Africa will reach 98 bcm by 2034, driven by Nigeria, Mozambique, and the entry of new regional producers.
Angola invests in natural gas despite technical challenges at Soyo
Backed by an ambitious public investment plan, Angola is betting on gas to offset declining oil output, but the Angola LNG plant in Soyo continues to face operational constraints.
Finland criticises Hungary and Slovakia over Russian oil purchases
Finnish President Alexander Stubb denounced fossil fuel imports from Russia by Hungary and Slovakia as the EU prepares its 19th sanctions package against Moscow.
JERA targets 20-year contract for Alaskan LNG with Glenfarne
Japanese giant JERA has signed a letter of intent to purchase one million tonnes of LNG per year from Alaska, as part of a strategic energy agreement with the United States.
Chevron and HelleniQ Energy submit joint bid for four gas blocks off Crete
US-based Chevron has submitted a bid with HelleniQ Energy to explore four offshore blocks south of Crete, marking a new strategic step in gas exploration in the Eastern Mediterranean.
GTT wins contract for LNG tanks on floating unit in Africa
GTT has been selected by Samsung Heavy Industries to design cryogenic tanks for a floating natural gas liquefaction unit, scheduled for deployment at an offshore site in Africa.
BlackRock and partners target $10.3 billion for Aramco gas deal financing
A consortium led by BlackRock is in talks to raise up to $10.3 billion to finance a gas infrastructure deal with Aramco, including a dual-tranche loan structure and potential sukuk issuance.
TotalEnergies strengthens its presence in the United States with Rio Grande LNG Train 4
TotalEnergies commits to Train 4 of the Rio Grande LNG project in Texas, consolidating its position in liquefied natural gas with a 10% direct stake and a 1.5 Mtpa offtake agreement.
EQT signs 20-year deal for 1 Mtpa LNG with Commonwealth LNG
US producer EQT has secured a twenty-year liquefied natural gas supply contract with Commonwealth LNG, tied to a Gulf Coast terminal under development.
TotalEnergies confirms imminent investment decision for new LNG train in Texas
The Chief Executive Officer of TotalEnergies said that NextDecade would formalise on Tuesday a final investment decision for a new liquefaction unit under the Rio Grande LNG project in the United States.
McDermott wins major contract for $25bn gas liquefaction unit in Louisiana
Monkey Island LNG has awarded McDermott the design of a gas terminal with a potential capacity of 26 MTPA, using a modular format to increase on-site output density and reduce execution risks.
Two sanctioned Russian LNG carriers deliver to China despite restrictions
The Voskhod and Zarya vessels, targeted by Western sanctions, departed China’s Beihai terminal after potentially offloading liquefied natural gas from the Arctic LNG 2 project.
ADNOC Gas joins FTSE Emerging Index, unlocking up to $250mn in investments
ADNOC Gas will join the FTSE Emerging Index on September 22, potentially unlocking up to $250mn in liquidity, according to market projections.

Log in to read this article

You'll also have access to a selection of our best content.