Norway’s Hammerfest LNG to reopen in January

19/10/2020 09:08 LNG


Norway’s Hammerfest LNG isn’t expected to resume operations this year, as operator Equinor continues to carry out an investigation into a serious incident late last month.

The liquefaction plant on the Melkøya island was shutdown for repairs and investigations following a fire in a turbine. The previous estimate was for the plant to be closed until October 28.


According to Equinor’s website, the plant is now planned to resume activities on January 1, 2021. No further details were disclosed.


Earlier this month, Equinor said Norway’s Petroleum Safety Authority (PSA) and the police were also probing the possible cause for the fire. The PSA is due to publish an official report after an audit at the facility found some “incorrect registrations” in procedures.


Hammerfest LNG processes 18 million cubic meters per day of natural gas. It’s owned by Equinor (36.8%), in partnership with Petoro (30%), Total (18.4%), Neptune Energy (12%) and Wintershall Dea (2.8%).

Daily (26.11.2020): European power prices soared on Wednesday amid colder weather outlook and lower wind generation

26/11/2020 10:33:00

Crude prices hit an eight-month high on Wednesday, supported by a drop in US oil stocks, progress on the coronavirus vaccine and optimism ahead of the next OPEC+ summit. As such, Brent crude rose by 1.6% to $48.61 a barrel, while WTI oil ended 1.8% higher at $45.71 a barrel.


EU approves German coal phase-out tender mechanism

26/11/2020 08:42:00

The European Commission today said Germany's coal phase-out tender mechanism to compensate operators for early closures promotes climate objectives and is in line with state-aid rules. But it said it will investigate the mechanism for closing lignite-fired plants.


UK gas tariff changes add to 1Q21 uncertainty

26/11/2020 08:38:00

Looming and as-yet unquantified changes to UK gas transmission capacity charges expected early next year have reduced the visibility of the cost of moving gas in and out of the UK.