First Norwegian gas sold to Ireland

Jan 30, 1997 01:00 AM

A group of gas producers has concluded what is believed to be the first deal to sell Norwegian natural gas to the Republic of Ireland. The group, comprising Statoil, Total Norway and Norsk Hydro, has agreed a one-year contract with Bord Gais Eireann to supply 264 mmcm of gas from the Froy field in the Norwegian North Sea. No value has been revealed for the deal. The gas will be piped through the Frigg pipeline to St Fergus in Scotland. The group has reached agreement with Statoil's Alliance Gas subsidiary to transport the gas to the UK's national balancing point. From there, British Gas Trading will ship the gas to Moffat in Scotland for onward transportation through the UK-Irish Interconnector Line. The deal is not thought to have implications for issues surrounding the Frigg pipeline, particularly the export of additional quantities of Norwegian gas through the line to the UK. Statoil said the contract with Bord Gais Eireann covered about 75 % of 1997 production from the Froy field. The remainder has been sold to French oil company Elf under a separate contract. Partners in the Froy field are Elf Norway with 24.76 % and operatorship, Statoil with 53.96 %, Total Norway with 15.23 % and Norsk Hydro with 6.05 %.

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