# Norway on track for record gas export, will be ready for winter -Gassco CEO
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2022-09-05
Category: NEWS
Category URL: https://financedigest.com/category/news
Meta Title: Norwegian Gas Export System Set to Deliver Record Volumes to
Meta Description: Norway's gas export system plans to send record energy volumes to Europe, surpassing Russia as Europe's top gas supplier. Gassco ensures high supplies
URL: https://financedigest.com/norway-on-track-for-record-gas-export-will-be-ready-for-winter-gassco-ceohtml

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By Nora Buli

STAVANGER, Norway (Reuters) – Norway’s gas export system is set to deliver record volumes of energy to Europe and is committed to sending large amounts in the coming years, the head of pipeline system operator Gassco told Reuters.

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

Gassco’s system [supplies gas via pipelines](https://www.financedigest.com/keystone-oil-pipeline-restart-timetable-unclear-traders-worry-about-supply.html "Keystone oil pipeline restart timetable unclear; traders worry about supply") to Britain, Germany, Belgium and France and the company this year deferred summer maintenance to ensure steady flows as Russian piped gas deliveries dwindled.

We have this summer delivered what we would usually deliver in [winter months,” Gassco CEO](https://www.financedigest.com/ceraweek-europe-gas-supplies-to-stay-tight-2-more-winters-equinor-ceo-says.html "CERAWEEK-Europe gas supplies to stay tight 2 more winters, Equinor CEO says") Frode Leversund said in an interview.

Deliveries this [year have already increased](https://www.financedigest.com/food-fiber-market-to-exhibit-increased-demand-in-the-coming-years.html "Food Fiber Market to Exhibit Increased Demand in the Coming Years") by the equivalent of 60 terawatt hours, or 4.97 billion cubic metres (bcm) of gas, according to Gassco figures.

September will see a period of necessary, planned maintenance that would lower capacity, but the system will “be ready for the start of [winter” on Oct](https://www.financedigest.com/euro-zone-downturn-deepened-in-oct-winter-recession-likely-pmi.html "Euro zone downturn deepened in Oct, winter recession likely -PMI"). 1, Leversund said.

Norway is still [set to deliver a new annual](https://www.financedigest.com/average-annual-uk-food-bill-set-to-rise-454-pounds-as-inflation-soars.html "Average annual UK food bill set to rise 454 pounds as inflation soars") record of more than 117 bcm of gas through its pipelines in 2022, up from 113.2 bcm last year, the CEO said.

With a similar amount of maintenance expected in the [next two to three years](https://www.financedigest.com/eu-could-face-gas-shortage-next-year-iea-warns.html "EU could face gas shortage next year, IEA warns"), this should also ensure continued high supplies, he added.

A new pipeline connecting Norway to Poland via Denmark, called Baltic Pipe, due to start operations in October, might also [lift Gassco’s overall capacity](https://www.financedigest.com/virgin-australia-says-high-staff-illness-rates-hampering-capacity-lifting-fares.html "Virgin Australia says high staff illness rates hampering capacity, lifting fares"), he said.

However, the exact impact from the addition of the pipe, a so-called looping effect, will only become clear once operation starts and the interaction with [legacy systems](https://www.financedigest.com/retailers-weighed-down-by-their-own-legacy-systems-survey-reveals.html "Retailers Weighed Down by their own Legacy Systems, survey reveals") begins, he added.

Including liquefied natural gas, overall Norwegian gas [output could rise](https://www.financedigest.com/anglo-americans-first-quarter-copper-output-rises-28.html "Anglo American’s first-quarter copper output rises 28%") by 8% this year to 122 bcm, according to official forecasts made in May.

[Nord Stream](https://www.financedigest.com/denmark-invites-nord-stream-operator-to-help-salvage-unidentified-object.html "Denmark invites Nord Stream operator to help salvage unidentified object") 1, which runs under the Baltic Sea from Russia to Germany, historically supplied around a third of the gas exported from Russia to Europe, but is now halted indefinitely.

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


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