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Solveig Gas Acquires Stake in Polarled Pipeline from Wintershall Dea

Solveig Gas has acquired a 13.255% stake in the Polarled gas pipeline from Wintershall Dea.

Polarled is the first pipeline on the Norwegian continental shelf crossing the Arctic Circle.

The 482-kilometer long and 36-inch wide pipeline runs from Nyhamna in western Norway to the Aasta Hansteen field in the Norwegian Sea.

The pipeline was completed in 2017, and has delivered gas to the Nyhamna gas terminal since the fourth quarter of 2018, when the Aasta Hansteen field achieved first production.

Polarled has been designed to allow the connection of additional future developments in the area.

Gassco took over the operatorship of the pipeline from Statoil (now Equinor) in May 2017.

Polarled has the gas transportation capacity of some 70 million cubic meters per day.

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