The pipeline runs from the Aasta Hansteen field in the Norwegian Sea to the Nyhamna Gas Plant in Aukra, Norway.[3]
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Construction of the pipeline began in 2015, and it expected to begin delivering gas the Nyhamna gas-processing plant in late 2018.[8]
The pipeline is operated by Gassco and owned by a consortium in which Gassco has the largest share: Statoil 37.076%; Wintershall Norge AS 13.255%; Petoro AS 11.946%; OMV (Norge) AS 9.073%; CapeOmega 16.692%; Total E&P Norge AS 5.11%; ConocoPhillips AS 4.452%; Edison International S.p.A. Norway Branch 2.396%.[9] CapeOmega purchased 9.019% of the pipeline from Norske Shell in October 2017,[10] and purchased a 4.791% share from DEA Norge in December 2017.[11]
The Polarled Gas Pipeline is the first pipeline to be laid across the Arctic Circle.[12]
