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I “Part of the reason why we are seeing oil and gas companies selling is the relatively low return on investment, which on the other hand is regarded as interesting for investment
funds that are looking for low risk and stable returns,” says Thor Otto Lohne, Head of Business Development and Finance at Gassco.
and now gas infrastructure, their level of
insight cannot be expected to equal that
of Statoil, ExxonMobil, Total and Shell.
But surely this must have some implications
for the operations on the Norwegian
continental shelf, and not least for Gassco’s
role?
IMPLICATIONS FOR THE NORWEGIAN
CONTINENTAL SHELF
Mr Lohne says there is a need to review
the work and decision-making processes
of the new owners. However, in his view,
extensive stakeholder dialogue is imperative
to successful business. In the end, he
does not envisage major implications for
the operations on the Norwegian continental
shelf.
“I don’t foresee any big changes. The
quality and predictability of Norwegian gas
supply will remain high, and we will continuously
take the necessary steps to ensure
that. The new owners will have a seat at
the table and be represented by people
with relevant expertise in the Norwegian
gas infrastructure. But the most important
thing, I think, is to have an open, transparent
and comprehensive exchange of views
with the users – the gas producers and sellers,”
says Mr Lohne.
In the end, for any business entity
involved in the transport of energy to millions
of people, it is the quality and predictability
of supply that matter the most.
Says Mr Lohne: “Let there be no doubt:
Ensuring a predictable and high quality
gas supply is, and will remain, a key issue
to manage in our operations.”
And, with an impressive delivery rate of
98.8% in 2010, Gassco is certainly placed
as a predictable supplier of energy to a
volatile European economy.
Owners of Gassled
Petoro AS
Statoil Petroleum AS
ExxonMobil Exploration and
Production Norway AS
Total E&P Norge AS
A/S Norske Shell
Norsea Gas AS
ConocoPhillips Scandinavia AS
Eni Norge AS
DONG E&P Norge AS
GDF SUEZ E&P Norge AS
RWE Dea Norge AS
as of 31 December 2010
no 01 2012 – 35