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Norway gas plant resumes exports to Europe

Sun, 29th Nov 2020 14:29

OSLO, Nov 29 (Reuters) - Norway's Nyhamna gas export
terminal has restarted production and is ramping up output
following a shutdown triggered by a strike among workers, system
operator Gassco said on Sunday.

Sunday's output loss was expected to amount to 40 million
standard cubic metres (mcm) of gas, less than the 50 mcm loss on
Saturday, while it was not yet clear if the outage would have
any residual impact on Monday.

"Nyhamna has started and currently increasing export. Day
ahead impact uncertain," Gassco said in a regulatory filing.

British gas prices for the coming week had spiked on Friday
ahead of the strike on fears of a protracted conflict.

Gassco and Shell, which provides technical service
at Nyhamna, late on Saturday said a solution had been found
however that allowed the plant to safely restart despite an
ongoing strike among security guards.

Norway exported around 330 mcm per day before Saturday's
outage and meets around 22% of Europe's annual gas demand via an
extensive network of pipelines to Britain, Germany, Belgium and
France.
(Reporting by Nerijus Adomaitis, editing by Terje Solsvik)

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