Statoil and Wintershall sign major strategic gas supply

Statoil and Wintershall sign major strategic gas supply agreement 
STAVANGER, NORWAY -- (Marketwire) -- 11/20/12 --  Statoil ASA (OSE:
STL, NYSE: STO): Statoil and Wintershall have entered into a 10-year
gas sales agreement for the delivery of a total of 45 billion cubic
meters (bcm) to the German and other North-West European markets. 
"This strategic agreement demonstrates the continued competitiveness
of Norwegian natural gas in the German energy mix. Natural gas
abundance and established infrastructure provides long term security
of supply, and as the
least CO2 intensive fossil fuel it can
contribute to further reduction of German
CO2 emissions," says
Statoil's President and CEO Helge Lund, adding that: "We
see this
agreement as a confirmation of how important natural gas will be
in
shaping the long term German energy system." 
"The agreement with Statoil, a long-term and reliable energy partner
with Germany for decades, is a significant milestone for Wintershall.
For us this
means that we can also use the volumes we produce from
the North Sea in Europe
in the future without having to expand our
own infrastructure," says Wintershall's CEO Rainer Seele. 
Germany consumes about 80 bcm natural gas per year and is the second
largest gas market in Europe. Up to 5 bcm per year is a substantial
volume, representing
more than 6 per cent of the total German gas
consumption. The volume corresponds
to the annual gas usage of more
than 2 million German homes, or the gas needed
to fuel eight to nine
400 MW gas power plants. 
The gas is priced at competitive terms related to German and NW
European hubs.
The gas will be delivered through existing pipeline
infrastructure from the Norwegian Continental Shelf, with the bulk of
the deliveries going to Germany 
About Statoil's gas position in Germany 
Statoil is the second largest supplier of gas to Europe and has long
standing
ties towards the Germany gas market. Statoil's gas reaches
the German market
through the Europipe I and II and Norpipe pipelines
that landfall at Dornum and
Emden in Northern Germany. The company's
German gas portfolio comprises long
term gas sales contracts with
major energy utilities and direct sales to large
industrial users.
Further, Statoil is trading at the Gaspool and NCG gas
hubs,
owner/o
perator of the Etzel gas storage and part owner in the
NETRA pipeline. 
About Wintershall 
Based in Kassel, Germany, Wintershall Holding GmbH is a wholly owned
subsidiary
of BASF and has been active in the exploration and
production of crude oil and
natural gas for over 80 years.
Wintershall focuses on selected core regions,
where the company has
built up a high level of regional and technological expertise. These
are Europe, North Africa, South America, as well as Russia and
the
Caspian Sea region. In addition, these operations are complemented by
the
company's growing exploration activities in the Middle East.
Today, the company
employs more than 2,000 staff worldwide from 40
nations and is Germany's largest
internationally active crude oil and
natural gas producer. 
This information is subject of the disclosure requirements pursuant
to section
5-12 of the Norwegian Securities Trading Act. 
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants
that: 
(i) the releases contained herein are protected by copyright and
other applicable laws; and 
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein. 
Source: Statoil via Thomson Reuters ONE 
[HUG#1659303] 
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