Gassled became the owner of the pipeline network used to carry gas from the producing fields on the NCS to consumers in continental Europe and the UK. Gassco, a state-owned company, became operator for this system. Although Gassled was organised as a joint venture without employees, it established a number of committees to deal with specific issues.
The partnership initially embraced oil and gas companies on the NCS, but Total, Statoil and ExxonMobil sold their holdings in 2011 to foreign investment companies. They did not regard pipeline operation as part of their core business, and the sales earned them many billions of kroner. Gassled’s partners in 2012, with their percentage holding, were:
Petoro AS -45,793
Solveig Gas Norway AS – 23,480
Njord Gas Infrastructure AS – 8,036
Silex – 6,102
Infragas – 5,006
Statoil Petroleum AS – 5,000
Norsea Gas AS – 2,261
ConocoPhillips Skandinavia – AS 1,678
Eni Norge AS – 1,276
DONG E&P Norge AS – 0,983
GDF SUEZ E&P Norge – AS 0,304
RWE Dea Norge AS – 0,081
The Norwegian gas transport system owned by Gassled is the world’s largest offshore network of its kind, with about 6 600 kilometres of pipelines.
Running from the NCS to the Norwegian mainland, the UK or continental Europe, these are connected to more than 40 installations and carry 12 per cent of Europe’s gas consumption.
Gassled embraces the largest part of this network, including the Statpipe and Åsgard Transport systems as well as the Kårstø and Kollsnes processing plants, and the Norpipe, Zeepipe, Europipe I and II, Franpipe, Vesterled and Oseberg gas transport pipelines.
In addition come receiving terminals at Dornum and Emden in Germany, St Fergus in the UK, Zeebrugge in Belgium and Dunkerque in France, the gas transport systems for Kvitebjørn and Norne, and the Langeled pipeline and its terminals.