Offshore Transportation of Norwegian Gas to Europe
OFFSHORE TRANSPORTATION OF NORWEGIAN GAS TO EUROPE The case of The Barents Sea Gas Infrastructure Doctor of Business Administration HENLEY BUSINESS SCHOOL Michael Ingenbleek January 2018 Declaration I confirm that this is my own work and the use of all material from other sources has been properly and fully acknowledged. Michael Ingenbleek. I At the basis of the monopoly of the Standard Oil Company in the production and distribution of petroleum products rests the pipe line. The possession of these pipelines enables the Standard to absolutely control the price which its competitor in each given locality shall pay. (ICC, 1907 cited in Boyce, 2014 pp.5) II Introduction This study is concerned with Norway’s role in supplying gas to Europe through offshore pipelines. One reason for choosing this topic is the difference in available research between the number one supplier of gas to Europe, Russia, and the number two, Norway, where there is much less published research. This study aims to bridge the gap by considering, for the Norwegian gas Sector, issues of gas supply, a competitive gas market, a sustainable effective, efficient offshore infrastructure and access for all where and when it is required. It further explores whether the regulation of the Norwegian Gas Sector, through national regulations, the Gas Target Model and three EU gas directives is meeting its goals or actually hinders development. Another reason to choose this subject is the low volume of investments in the Norwegian gas offshore infrastructure, which consequently will lead to reduced volumes of supply. In relation to the abovementioned, the third reason is to investigate whether current and anticipated prices justify further investment in Norwegian natural resources and offshore infrastructure.
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