Leading European natural gas company and LNG competitor Equinor swings to loss with $2.45Bln hit

Thursday, 07 May 2020

Equinor, the Norwegian energy company whose pipeline natural gas competes with LNG in Europe, swung to a first-quarter net loss of $710 million as it took a $2.45 billion hit for impairment charges in response to the Covid-19 pandemic and the oil price wipe out.

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