Norwegian energy giant Equinor has signed a 15-year natural gas sales agreement with Germany's Uniper, locking in more than 30 terawatt-hours of annual gas supplies to Europe's largest economy through 2041.
The agreement covers roughly 2.8 billion cubic meters of natural gas per year, with deliveries scheduled to begin on January 1, 2027, and continue through December 31, 2041. The gas will be delivered at Trading Hub Europe, Germany's gas market area.
Equinor said pricing will reflect prevailing market terms, while other commercial details remain confidential.
The deal extends a longstanding relationship between the two companies and reinforces Norway's role as one of Germany's most important sources of natural gas. Germany is Equinor's largest gas market and has been a major destination for Norwegian supplies since exports began in 1977.
The new contract begins in the year marking the 50th anniversary of Norwegian gas exports to Germany.
#equinor #agreement
The agreement covers roughly 2.8 billion cubic meters of natural gas per year, with deliveries scheduled to begin on January 1, 2027, and continue through December 31, 2041. The gas will be delivered at Trading Hub Europe, Germany's gas market area.
Equinor said pricing will reflect prevailing market terms, while other commercial details remain confidential.
The deal extends a longstanding relationship between the two companies and reinforces Norway's role as one of Germany's most important sources of natural gas. Germany is Equinor's largest gas market and has been a major destination for Norwegian supplies since exports began in 1977.
The new contract begins in the year marking the 50th anniversary of Norwegian gas exports to Germany.
#equinor #agreement
11 days ago
