Norway searching for alternative energy supplies & suppliers

Yazev: Norwegian gas to Murmansk | Barentsnova Valery Yazev [duma rep] says the region should not rely upon a single source of energy, while there should be a ‘basketful of energy carriers’. Apart from gas, there are two other possible solutions for Murmansk: electricity and peat could become its energy resources. Deposits of peat are found in proximity to Kandalaksha. The Murmansk region laid its hopes on gas supplies from the Shtokman field. Alas, the final investment decision (FID) has never been taken. However, the Barents Sea resources of gas are still on the agenda, says Yazev. Statoil recently presented its cost reduction ideas for the Shtokman project development. The company suggests either to install the platform in shallow waters or to arrange underwater transportation of gas (then no platform will be needed at all). These solutions could gain 2-3% of profits, calculated Statoil.  “They use this downtime in the absence of FID to find a cost-efficient solution. Though it has not been found yet, as far as I know”, said Yazev. A few Russian media sources claim Frances’s Total and Russia’s Gazprom are meeting Thursday to discuss the destiny of Shtokman.

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