LNG

Oct 25 (LNGJ) - Equinor, the Norwegian state-backed energy company and operator of the Hammerfest LNG plant in northern Norway, said third-quarter net income more than doubled to US$1.98 billion compared with $819 million in the same three months of last year. Net operating income was $4.59 Bln versus $1.09Bln in the year-ago period. “The significant increase was primarily due to higher liquids and gas prices, increased gas volumes and a net reversal of impairments compared to 2017,” said President and Chief Executive Eldar Saetre.