Norway Today

Since 2016News, finance, culture and everyday life — Norway explained in English.

New report shows that gas pipeline to the Barents Sea can be profitable

New report shows that gas pipeline to the Barents Sea can be profitable
Oil and Energy Minister Sylvi Listhaug.Photo: Ørn Borgen / NTB scanpix

New analyses from Gassco show that it may be profitable to develop a gas pipeline to the Barents Sea.

Development will be socio- economically viable in relation to the resources already proven in the southern Barents Sea, according to Gassco, who on Monday submitted their report to the Oil and Energy Minister Sylvi Listhaug (Frp).

In the analysis, Gassco has looked at both gas pipelines and increased LNG capacity at Melkøya as alternatives for increasing transport capacity. Both alternatives are considered profitable.

© NTB Scanpix / #Norway Today

More on Gambling News

TOPICS: Barents Seagas pipelineNorway Today

More from Finance

All coverage