Gassco Sample Clauses

Gassco. Gassco was established in 2001 and started to take over the administration and operation of pipeline transportation system from Norway to Europe on 1stJanuary 2002. It is owned by Norwegian government. The responsibility of Gassco is to develop and operate the gas infrastructure system. The objective is to develop the gas infrastructure system in a cost efficient way. The company may act on the behalf of the society and try to develop the most cost efficient pipeline system. As an operator, Xxxxxx plays several roles in the petroleum industry. First, Gassco is responsible for operating the Norwegian gas transport system on behalf of joint ventures. Since the petroleum companies have the plan to develop new gas fields, these companies may invest in gas infrastructure and Gassco is the operator for the gas pipeline transportation system. This means Gassco does not have to pay for these investments. Second, Gassco has the power to plan future pipelines and transport-related facilities, including processing plants and receiving terminals. Third, Gassco allocates the right capacity in a given time to pipelines and transport-related facilities. The last role of Gassco is to treat all companies equally during the transportation and to deliver the gas to the right location safely, with the correct quantity and quality (Gassco2). Gassco would like petroleum companies to invest in over capacity in pipeline system because these companies may get cost advantages if they invest over capacity of gas infrastructure in the beginning. Gassco gives information to petroleum companies that the investment cost for developing in gas pipeline infrastructure system. Gassco does not focus on the ability of petroleum companies to discover the new gas fields and to use the excess capacity for gas transportation. The main objective of Gassco is to optimize the economics in this market instead of maximizing its own profits. In addition, Xxxxxx has the power to stop the infrastructure development by the government’s authority. We had an interview with Xx. Xxx Xxxxx Hollen, the operation manager from Norsk Shell, before starting writing this thesis. Meanwhile, we also sent questionnaires to Gassco. Both of these questionnaires are listed in Appendix 1 and 2. Nyhamna is a developing project and lots of investment decisions have not made yet. Therefore, it is not possible to get the exact investment cost from these companies. We decided to change our plans and tried to get some history da...
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