Equinor will supply Uniper with 30 TWh of gas over 15 years, strengthening Germany’s energy supply
LIGA.net news editor
Equinor’s platform in the North Sea (photo: Equinor)
The German state-owned energy company Uniper and the Norwegian energy giant Equinor concluded A 15-year agreement to supply natural gas to Germany. The contract will take effect in 2027 and calls for the supply of more than 30 TWh of gas annually through 2041.
At Uniper emphasized…that the agreement will strengthen the long-term security of supply to the German market and contribute to the diversification of the company’s gas sources.
For Germany, Norway is one of the key suppliers of natural gas following the reduction in its dependence on Russian gas. Equinor supplies gas to Europe primarily through an extensive pipeline network from the Norwegian continental shelf.
“Reliable, long-term partnerships remain essential for secure and competitive energy markets. This agreement secures gas supplies to Germany for years to come,” said Uniper CEO Michael Lewis.
Equinor CEO Anders Opedal noted that the agreement reflects strong demand for reliable, long-term gas supplies from the Norwegian continental shelf.
The companies also plan to expand their cooperation in the field of natural gas with lower emissions.
Uniper is one of the largest gas traders and LNG importers in Northwestern Europe. The company has 18.5 GW of generating capacity and is also the largest operator of gas storage facilities and hydroelectric power plants in Germany.
Equinor is one of the key suppliers of natural gas to Europe and a major supplier of gas to the European market.
This is a machine translation of the original article in Ukrainian. It may contain errors.