UPDATE: Kollsnes Gas Processing Plant Remains Offline Wed
May 20 2009 - 3:59AM
Dow Jones News
Norway's gas network operator Wednesday said the Kollsnes gas
processing plant remains offline after it was forced to shutdown
April 19 by a condensate leak.
"It's still uncertain when it will be back online," said Gassco
spokesman Kjell Varlo Larsen, adding that service provider at the
plant, StatoilHydro ASA (STL.OS) "is preparing to start the work to
repair the leak." Kollsnes can process up to 143 million cubic
meters of gases a day, making it Norway's biggest processing plant,
but was unlikely to have been operating at that level at this time
of year when demand is lower.
"There isn't a leak anymore because the pressure at the plant is
down," Larsen said, adding that an investigation is being carried
out into the glitch.
"All shippers have been notified and have reduced their
nominations. We will also use linepack - storage in pipelines - to
compensate. Shippers can lift more gas from other fields that are
available and time will tell" how well that's compensating for lost
volumes, Larsen said.
Kollsnes is located on Norway's west coast and processes gas
from some of the country's biggest fields, including Troll and
Kvitebjoern. It is then piped to markets in Europe. A consortium of
gas shippers called Gassled, including ConocoPhillips (COP), Exxon
Mobil Corp. (XOM), Royal Dutch Shell PLC (RDSA) and Total SA (TOT),
owns the vast majority of Norway's gas infrastructure.
Company Web site: www.gassco.no
-By Elizabeth Adams, Dow Jones Newswires; +44 (0) 20 7842 9386;
elizabeth.adams@dowjones.com