SUBSCRIBE
PROFILE

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.

Share:

Comprehensive energy news coverage, updated nonstop

Annual subscription

8.25€/month*

*billed annually at 99€/year for the first year then 149,00€/year ​

Unlimited access • Archives included • Professional invoice

SUBSCRIBE - 99€/year

OTHER ACCESS OPTIONS

Monthly subscription

Unlimited access • Archives included

5.2€/month*
then 14.90€ per month thereafter

FREE ACCOUNT

3 articles offered per month

FREE

*Prices are excluding VAT, which may vary depending on your location or professional status

Since 2021: 35,000 articles • 150+ analyses per week

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.

  • Popular on energynews.pro
Saturn Oil & Gas completes subsidiary merger to optimise investments
Energy transition disrupts the financial balance of utilities in Asia-Pacific in 2026
China expands presence in Venezuelan oil despite US sanctions
US ties oil debt repayment to majors’ large-scale reinvestment in Venezuela
NU E Power raises $625,000 to accelerate energy projects in Canada and Asia
Technip Energies secures strategic order for Commonwealth LNG gas project
Technip Energies has received a key order linked to the Commonwealth LNG project in the United States, marking a decisive step ahead of the final investment decision expected in early 2026.
Sonatrach launches its 2026–2030 plan to support gas investments
In response to rising domestic demand, Sonatrach adopts a five-year plan focused on increasing production, securing infrastructure, and maintaining export commitments.
Russian gas exports to Europe fall to 18 bcm, lowest level since the 1970s
Pipeline natural gas deliveries from Russia to the European Union dropped by 44% in 2025, reaching their lowest level in five decades following the end of transit via Ukraine.
AltaGas signs five-year labour agreement for its propane export terminal
AltaGas has finalised a labour agreement with union ILWU Local 523B, ending a 28-day strike at its Ridley Island propane terminal, a key hub for Canadian exports to Asia.
Lithuania extends gas transit to Kaliningrad until 2030
Amber Grid has signed an agreement to maintain gas transit to Russia’s Kaliningrad exclave, with a daily capacity cap of 10.5 mn m³ until the end of 2030, under a framework regulated by the European Union.
Lebanon prepares to buy Egyptian gas to reduce fuel dependence
Lebanon engages in a memorandum of understanding with Egypt to import natural gas and support its electricity production, with infrastructure rehabilitation and active funding searches required to secure delivery.
Woodside signs nine-year LNG supply deal with Turkish company BOTAŞ
Australian producer Woodside has signed a binding agreement with Turkish state-owned company BOTAŞ for the delivery of 5.8 billion cubic metres of LNG starting in 2030.
Condor raises $13.65mn to accelerate gas drilling programme in Uzbekistan
Condor Energies has completed a $13.65mn private financing to deploy a second drilling rig and intensify a 12-well gas programme in Uzbekistan scheduled for 2026.
Myanmar resumes LNG imports with first shipment since 2021
After a hiatus of more than four years, Myanmar has resumed liquefied natural gas deliveries, receiving a half-cargo in November to supply two state-funded power generation projects.
Canberra imposes mandatory gas reserve to secure domestic supply
The Australian government will require up to 25% of gas extracted on the east coast to be reserved for the domestic market from 2027, in response to supply tensions and soaring prices.
Baker Hughes to supply six LM9000 turbines for Commonwealth LNG terminal
Baker Hughes will deliver six gas refrigeration trains for Commonwealth LNG’s 9.5 mtpa export project in Louisiana, under a contract with Technip Energies.
Shanghai Electric launches 625 MW upgrade to strengthen Iraq’s power grid
Shanghai Electric begins a combined-cycle expansion project across four Iraqi provinces, aiming to boost energy efficiency by 50% without additional fuel consumption.
Zefiro completes $1.5mn gas project in Pennsylvania and prepares $5mn operation in Louisiana
Zefiro Methane, through its subsidiary Plants & Goodwin, completes an energy conversion project in Pennsylvania and plans a new well decommissioning operation in Louisiana, expanding its presence to eight US states.
France: the Council of State bans coalbed methane exploitation in Lorraine
The Council of State has cancelled the authorisation to exploit coalbed methane in Lorraine, citing risks to the region's main aquifer and bringing an end to a legal battle that began over a decade ago.
JERA signs seven-year LNG supply deal with Hokkaido Gas
Japanese power producer JERA will deliver up to 200,000 tonnes of liquefied natural gas annually to Hokkaido Gas starting in 2027 under a newly signed long-term sale agreement.
Israel seals a €30 billion gas contract with Egypt
An agreement announced on December 17, 2025 provides for twenty years of deliveries through 2040. The package amounts to 112 billion new Israeli shekels (Israeli shekels) (NIS), with flows intended to support Egyptian gas supply and Israeli public revenues.
ADNOC raises up to $11bn to finance the Hail and Ghasha offshore gas project
Abu Dhabi’s national oil company has secured a landmark structured financing to accelerate the development of the Hail and Ghasha gas project, while maintaining strategic control over its infrastructure.
Sawgrass LNG marks eight years of liquefied natural gas deliveries to The Bahamas
U.S.-based Sawgrass LNG & Power celebrates eight consecutive years of LNG exports to The Bahamas, reinforcing its position in regional energy trade.
Kinder Morgan restores EPNG capacity at Lordsburg earlier than expected
Kinder Morgan restored the EPNG pipeline capacity at Lordsburg on December 13, ending a constraint that had driven Waha prices negative. The move highlights the Permian’s fragile balance, operating near the limits of its gas evacuation infrastructure.
ENGIE commissions 875 MW of flexible capacity to support Belgian grid
ENGIE activates key projects in Belgium, including an 875 MW gas-fired plant in Flémalle and a battery storage system in Vilvoorde, to strengthen electricity supply security and grid flexibility.

All the latest energy news, all the time

Annual subscription

8.25€/month*

*billed annually at 99€/year for the first year then 149,00€/year ​

Unlimited access - Archives included - Pro invoice

START - 99€/year

Monthly subscription

Unlimited access • Archives included

5.2€/month*
then 14.90€ per month thereafter

*Prices shown are exclusive of VAT, which may vary according to your location or professional status.

Since 2021: 30,000 articles - +150 analyses/week.