popular articles

Equinor: Long-term gas contracts will see “growing interest

Equinor sees strong demand for long-term gas supply contracts in Europe. In a context of reduced flows from Russia, EU countries are seeking to strengthen their energy security by signing longer-term agreements.

Please share:

For Equinor, long-term gas contracts will be of increasing interest in Europe. The company announced on Friday that gas buyers in Europe are showing significant interest in long-term supply contracts of between three and ten years. This statement was made by the company’s CEO, Anders Opedal, in an interview with Reuters.

Equinor welcomes von der Leyen and Stoltenberg to the Troll A platform in the North Sea

Equinor welcomed Ursula von der Leyen, President of the European Commission, and Jens Stoltenberg, NATO Secretary General, on Friday during a visit to the Troll A gas platform in the North Sea.

Equinor pointed out that the Troll A platform alone supplies 11% of all gas consumed in the European Union. According to Opedal, the visit of von der Leyen and Stoltenberg underlines the importance of security of supply and energy infrastructure in the relationship between the European Union and Norway.

Equinor on long-term gas contracts

European Union countries are planning joint gas purchases to improve security of supply, especially in view of the sharp reduction in gas flows from Russia. Ursula von der Leyen, the president of the European Commission, said earlier Friday that she hoped companies would sign longer-term agreements to support the initiative.

According to Opedal, long-term contracts are defined as having a duration of between three and 10 years. He added that companies are currently very interested in these types of contracts.

Gas prices hit record highs last year

In 2022, short-term gas prices in Europe reached record highs above 340 euros per megawatt hour, more than ten times the levels of the last ten years. However, these prices have since dropped to around 44 euros on Friday as demand has declined.

In conclusion, Equinor noted a growing interest from gas buyers in Europe for long-term gas supply contracts to improve the security of gas supply in the region. The visit of the President of the European Commission and the Secretary General of NATO to the Troll A gas platform underlines the importance of the security of energy supply in the relations between the European Union and Norway.

Register free of charge for uninterrupted access.

Publicite

Recently published in

Equinor signs €24 billion gas supply deal with Centrica through 2035

Norwegian group Equinor has sealed a gas supply deal with Centrica, covering nearly 10% of the United Kingdom’s annual demand over ten years.
MCF Energy Ltd. has provided an operational update on the Kinsau-1A well in Lech, Germany, indicating significant progress in preparing drilling operations for the third quarter of 2025.
MCF Energy Ltd. has provided an operational update on the Kinsau-1A well in Lech, Germany, indicating significant progress in preparing drilling operations for the third quarter of 2025.
Basin Electric Power Cooperative signed a 15-year power supply contract with Panamint Capital for the full output of the Cottage Grove power plant starting in December 2027.
Basin Electric Power Cooperative signed a 15-year power supply contract with Panamint Capital for the full output of the Cottage Grove power plant starting in December 2027.
New Zealand Energy Corp. (NZEC) reported its financial results for the first quarter of 2025, posting a net loss of $994,550 while focusing on production recovery and gas storage development projects.
New Zealand Energy Corp. (NZEC) reported its financial results for the first quarter of 2025, posting a net loss of $994,550 while focusing on production recovery and gas storage development projects.

Hull Street Energy strengthens presence in Illinois with J-Power asset acquisition

Hull Street Energy has finalised the acquisition of electricity generation assets from J-Power USA near Joliet, consolidating its Milepost Power fleet to nearly 3,500 MW of installed capacity.
Energy company ONEOK has acquired full ownership of Delaware Basin JV, consolidating its natural gas gathering and processing assets in the Permian Basin for a total amount of $940mn.
Energy company ONEOK has acquired full ownership of Delaware Basin JV, consolidating its natural gas gathering and processing assets in the Permian Basin for a total amount of $940mn.
The Trump administration is seeking Asian partners to advance a $44 billion Alaska pipeline project aimed at exporting liquefied natural gas to the Indo-Pacific region.
The Trump administration is seeking Asian partners to advance a $44 billion Alaska pipeline project aimed at exporting liquefied natural gas to the Indo-Pacific region.
Gunvor USA and PureWest Energy partner to deliver certified low-carbon gas backed by traceability technology and aligned with international standards.
Gunvor USA and PureWest Energy partner to deliver certified low-carbon gas backed by traceability technology and aligned with international standards.

ExxonMobil commits to unconventional resource development in Azerbaijan

ExxonMobil has signed a memorandum of understanding with state-owned Socar to explore unconventional oil and gas resources in central Azerbaijan, strengthening its long-standing presence in the Caspian Sea region.
European Union gas reserves are progressing slowly as LNG imports reach an all-time high in May, amid supply tensions and rising prices.
European Union gas reserves are progressing slowly as LNG imports reach an all-time high in May, amid supply tensions and rising prices.
Gazprom increased its daily natural gas exports to Europe via the TurkStream subsea pipeline, reaching 46 million cubic metres per day in May, according to Reuters calculations.
Gazprom increased its daily natural gas exports to Europe via the TurkStream subsea pipeline, reaching 46 million cubic metres per day in May, according to Reuters calculations.
Naftogaz will fund the purchase of new drilling platforms through a €36.4mn loan from the European Bank for Reconstruction and Development, following a sharp decline in gas production due to Russian strikes.
Naftogaz will fund the purchase of new drilling platforms through a €36.4mn loan from the European Bank for Reconstruction and Development, following a sharp decline in gas production due to Russian strikes.

Natural Gas: A Competitive Energy Solution Compared to Renewables Through CCS

Natural gas combined with carbon capture achieves emission levels comparable to wind and solar power, positioning itself as an economical alternative to renewables despite intermittency and high battery storage costs.
Flex LNG has finalised a $175 mn lease financing for its Flex Courageous vessel, generating $42 mn in net proceeds as part of a financial restructuring plan announced earlier this year.
Flex LNG has finalised a $175 mn lease financing for its Flex Courageous vessel, generating $42 mn in net proceeds as part of a financial restructuring plan announced earlier this year.
Sempra Infrastructure has received approval from U.S. authorities to export 13.5 Mtpa of liquefied natural gas to countries without free trade agreements, marking a key step in developing the Port Arthur LNG Phase 2 terminal.
Sempra Infrastructure has received approval from U.S. authorities to export 13.5 Mtpa of liquefied natural gas to countries without free trade agreements, marking a key step in developing the Port Arthur LNG Phase 2 terminal.
EOG Resources finalises a $5.6bn acquisition of 675,000 net acres from Encino Acquisition Partners, consolidating its strategic position in the Utica formation and increasing its dividend by 5 %.
EOG Resources finalises a $5.6bn acquisition of 675,000 net acres from Encino Acquisition Partners, consolidating its strategic position in the Utica formation and increasing its dividend by 5 %.

Natural gas demand for power generation drops in the United States in May 2025

In May 2025, natural gas demand for electricity generation in the United States declined, influenced by cooler weather conditions and a significant increase in solar generation.
Cheniere has signed a long-term gas supply agreement with Canadian Natural Resources to support the planned expansion of its Sabine Pass liquefaction terminal in Louisiana from 2030.
Cheniere has signed a long-term gas supply agreement with Canadian Natural Resources to support the planned expansion of its Sabine Pass liquefaction terminal in Louisiana from 2030.
Cnooc will immobilise its Hai Yang Shi You 301 barge in July, temporarily reducing LNG bunkering capacity in China, where only five units handle supply.
Cnooc will immobilise its Hai Yang Shi You 301 barge in July, temporarily reducing LNG bunkering capacity in China, where only five units handle supply.
The Iraqi federal government initiates legal proceedings against the autonomous region of Kurdistan regarding gas contracts signed with American companies, while Washington reaffirms its support for these strategic energy agreements.
The Iraqi federal government initiates legal proceedings against the autonomous region of Kurdistan regarding gas contracts signed with American companies, while Washington reaffirms its support for these strategic energy agreements.

China Adopts Henry Hub Indexation in American LNG Contracts

Several Chinese companies have signed long-term contracts to purchase liquefied natural gas indexed to the U.S. Henry Hub, despite heightened trade tensions and the recent application of specific tariffs on American hydrocarbons.
Jereh integrates artificial intelligence solutions into its oil operations, increasing fracturing efficiency by 36% through an autonomous electric system tested in the Sichuan Basin.
Jereh integrates artificial intelligence solutions into its oil operations, increasing fracturing efficiency by 36% through an autonomous electric system tested in the Sichuan Basin.
The Australian government has authorized an extension of the major North West Shelf gas project until 2070, sparking economic, cultural, and environmental debates both domestically and on international liquefied natural gas markets.
The Australian government has authorized an extension of the major North West Shelf gas project until 2070, sparking economic, cultural, and environmental debates both domestically and on international liquefied natural gas markets.
Pacific Energy’s Canadian subsidiary plans to produce liquefied natural gas with one of the lowest carbon intensities in the sector, using low-emission technologies and local carbon credits.
Pacific Energy’s Canadian subsidiary plans to produce liquefied natural gas with one of the lowest carbon intensities in the sector, using low-emission technologies and local carbon credits.

Advertising