LNG

Norwegian energy major Equinor, the main supplier of pipeline natural gas to Europe and an LNG producer and exporter, reported soaring profits and record cash flow from becoming the primary gas supplier to its European neighbours after the cutting of Russian gas pipelines.

Wintershall Dea, the company viewed as Germany’s national oil and gas player and which is a shareholder in the Norwegian-run Hammerfest LNG export project, has submitted a plan for development of the Dvalin North gas field in the Norwegian Sea to help boost pipelines gas supplies for Europe.