Natural Gas 

Business strategies

The Natural Gas’ (NG) strategy is to maximise the value of our long-term sales business, improve our portfolio optimisation activities and establish new gas value chains.

We have a long-term portfolio of sales contracts for gas and are continuously assessing the midstream and downstream possibilities to improve our utilisation of existing infrastructure, access to deliveries and experience in marketing of natural gas.

Key events:

• On 20 October 2007, the first vessel with liquefied natural gas (LNG) from Snøhvit left Melkøya
• Start-up of the Tampen Link pipeline opened a new corridor to the UK gas market in the autumn of 2007
• Regular deliveries of gas from the Shah Deniz field in Azerbaijan to Turkey since July 2007

Facts:

The Natural Gas (NG) business area is responsible for transporting, processing and marketing StatoilHydro’s gas via pipelines and LNG worldwide, including securing sufficient processing, transport and storage capacity. NG is also responsible for marketing the gas from the State’s Direct Financial Interest (SDFI). Altogether, we are responsible for roughly 80% of all Norwegian gas exports. NG is responsible for technical operation of most of the export pipelines and onshore plants in the processing and transport system for Norwegian gas (Gassled).