New CEO for Equinor
Nov 2 (LNGJ) - Equinor of Norway installed its new Chief Executive Anders Opedal, the first engineer to lead the state-controlled major supplier of pipeline natural gas to Western Europe. Opedal, who replaced Eldar Saetre, said the company would still increase oil and gas output by 3 percent per year through to 2026. Equinor owns the Hammerfest LNG plant, closed for the next year after a fire on September 28.
CEO Opedal also referred to the ambitions of many companies to achieve net zero emissions by 2025. “This requires a well-functioning market for carbon capture and storage (CCS) and natural sinks, as well as the development of competitive technologies for hydrogen. Building on its capabilities from oil and gas, Equinor is well positioned to provide low-carbon technologies and establish zero-emission value chains,” he explained.
“The net-zero ambition will strengthen future competitiveness and value creation at the Norwegian Continental Shelf (NCS). Equinor’s plans for production, development and exploration at the NCS remain firm,” said the new CEO. “Equinor also assumes that an increasing share of oil and gas will be used for petrochemicals towards 2050,” Opedal added.
