Large reserves of gas from the Norwegian Continental Shelf will be made available to supply Germany in the future. This was according to the Vice President of Statoil who told delegates at e-world energy event in Essen the company would be able to ramp up generation to match Germany’s increased demand.
As old capacity and the nation’s entire nuclear fleet comes offline, Germany in particular will be in need of new generation. Statoil claim they are leading from the front as Europe enters the ‘golden age of gas’. Controlling around 2040 bcm3 from the Continental Shelf alone, the power firm see themselves having a bright future as one of Europe’s leading extractors.
Hay Fieten said: “Natural gas has an important role to play in striking a balance between reducing emissions and generating safe power.”