17DEC2018 - NEWS - Norwegian government postpones decision on construction of an oil processing terminal near the Arctic tip of northern Europe

The Norwegian government has recently postponed a decision on whether to mandate the construction of an oil processing terminal near the Arctic tip of northern Europe until the third quarter of next year, it said on Friday. If built, the onshore Veidnes terminal would receive crude via a pipeline from Equinor’s offshore Johan Castberg oilfield, which is expected to start producing in late 2022. Equinor originally ditched plans for an onshore terminal in order to save costs, preferring instead to load oil on to crude tankers at the field before exporting it to global markets.

Published by Editor - www.Livebunkers.com at 17-Dec-2018 06:00:40 [UTC] , contact editor at editor@livebunkers.com