LNG

Norway’s Equinor, an LNG supplier to the European Union and which has enabled some of the replacement of pipeline natural gas to Europe in the 18 months, reported a drop in second-quarter profits and revenues even as delivered volumes increased amid LNG and gas terminal incidents and shutdowns.

Gassco, the Norwegian pipeline natural gas operator and whose transported volumes are the main competitor to LNG, said it was given the all-clear by Norwegian police after what it described as “an unclear situation” at the Nyhamna gas plant in Western Norway processing supplies for Europe.