Skanled project put on ice

摘要

Partners in the Skanled pipeline project have decided to suspend further project activities on the back of the current global economic climate and the uncertainty of future gas demand."Despite strong efforts by many stakeholders to succeed with the project, it is Gassco's view that the current economic environment and also subsequent uncertainties related to timing of new field developments on the Norwegian Continental Shelf, have weakened the basis for the project," said Thor Otto Lohne, executive vice president in Gassco. "The project might be re-launched if the commercial conditions become more favourable in the future," he added.