Statoil sells natural gas to customers in almost 20 countries. The largest volumes are sold in Germany, the UK and France.
Natural gas is a reliable and highly competitive source of energy. The gas is close to key gas markets and is produced in a cost-efficient manner. The gas is exported using a reliable, flexible and integrated transportation system.
In addition to being cost-efficient and competitive, natural gas is also an attractive source of energy from an environmental perspective with far less CO2 emissions than coal and oil.
Statoil has a robust gas portfolio. The majority of the gas marketed by Statoil in Europe; about 80 to 90 per cent of it, is sold under long-term contracts to large and reliable European gas utility companies and suppliers. Statoil also trades gas in the spot market, and the company is also very active in the emerging liquid trade markets for gas in Europe. In addition, Statoil sells natural gas directly to major end-users in Belgium, the Netherlands, France and the UK.
Statoil also has increasing marketing activities in connection with the company’s positions in the U.S. and Azerbaijan.
Statoil expects the world’s total demand for natural gas to grow by about 30 per cent globally in the coming two decades. This increase is mostly due to the increased demand for gas in the energy segment. In Europe alone – Statoil’s core market – it is expected that gas use in the energy sector will increase by 20 per cent towards 2030.
The energy sector represents a significant growth opportunity because power generation units across Europe are ageing and need to be replaced in the near to mid term.
Statoil has new volumes for sale in the coming decade as volumes gradually decrease in some of the current long-term contracts, while others expire.
Statoil has sales offices for gas in Stavanger (Norway), Brussels (Belgium), London (UK) and Stamford (USA).