BC BUSINESS – LNG and what B.C. can learn from Norway

Andrew Findlay
Aug 21, 2015

Lessons from a tiny Scandinavian country with big oil-and-gas wealth

Hammerfest lives up to its name. Situated on a barren coastal headland 1,300 kilometres north of the capital, Oslo, and just above the Arctic Circle, this Norwegian city of 10,000 gets hammered by winter winds that whip off the Barents Sea. Fifteen years ago the port city was also getting hammered by a sagging fishing sector, in decline since the 1970s, but today Hammerfest bustles with activity and jingles with money—all thanks to the Snohovit LNG plant. Con- struction of the US$5.3-billion plant—a sprawling facility located on Melkoya Island, which was previously inhabited only by nesting seabirds—began in 2003, with the first load of LNG shipped in 2007. Today annual exports of Snohovit LNG sit at around 5.75 billion cubic metres, destined mostly for Spain’s Iberdrola port and the east coast of the United States.

Click here for the full story

Stay Informed

Contact Us

Address 2200 – 1075 West Georgia Street
Vancouver, BC V6E 3C9
Phone Office: 604-235-3800