Dec 20 (LNGJ) - Norwegian pipeline gas company Equinor and German state-owned firm Securing Energy for Europe (SEFE), formerly a unit of Russia's Gazprom before it was nationalized by the German Federal Government after the Russian invasion of Ukraine, have signed a wide-ranging gas supply deal. Equinor has agreed to supply 111 terrawatt hours, or 10 billion cubic metres of natural gas per annum, to SEFE from January 2024 until 2034 and with an option for another five years and at terms reflecting market prices.
“This is a response to Europe’s need for long-term, reliable supply of energy,” said Equinor’s Chief Executive Anders Opedal. “The gas will be delivered to Trading Hub Europe (THE) in Germany, Title Transfer Facility (TTF) in the Netherlands and at the National Balancing Point (NBP) in the UK,” said a joint statement. The agreements were signed in Berlin by CEO Opedal and SEFE’s CEO, Egbert Laege. “After the Troll gas sales agreement in 1986, this is one of the largest gas sales agreements Equinor has entered into as a company,” the Norwegians added.
