Well placed for gas market

November 14, 2002, 14:30 CET

Statoil is well positioned for the new regime following the shift to company-based sales of Norwegian gas, executive president Peter Mellbye told a press seminar in Oslo today, 14 November.

Speaking as head of the group’s Natural Gas business area, his presentation, entitled A new gas regime, covered Norway’s position in relation to the European gas market.

He also explained the changes now taking place in this area, the restructuring of Norway’s offshore sector, and Statoil’s position in selected areas.

The transfer of Norwegian gas sales from the centralised Gas Negotiating Committee (GFU) to an individual company responsibility was completed on 1 October 2002. The European Union adopted its gas directive in 2000.