THE Norwegian ministry of petroleum and energy has said the planned Skanled pipeline, which will transport gas to Sweden and Denmark, has moved a step closer to realization after the privately-owned British firm Ineos said it will fund the project’s gas-separation unit in Norway. A decision on the NKr7-billion project, which will transport gas from Karsto to eastern Norway, western Sweden, and Denmark, will not be finalized, however, until 2009.
Norway's minister for petroleum and energy, Odd Roger Enoksen, nevertheless, said in early July that the decision by Ineos has moved the whole project a step closer to realization.
While no financial details were given, the Norwegian government said Ineos has agreed to take on the full ownership – or, alternatively, a majority share – of the gas-separation unit in Bamble, SE Norway. According to experts, the unit could cost up to NKr2 billion.
Ineos has recently transformed its presence in Norway, acquiring not only the petrochemicals business of Borealis AS in the country, but also Hydro Polymers, the petrochemicals business of Norsk Hydro in a deal worth NKr5.5 billion.
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