Norway’s Equinor and Kuwait submit plan for Eirin natural gas field in North Sea to boost European supplies
Norwegian oil and gas company and LNG export plant operator Equinor has submitted a fast-track plan to the government for development and operation of the Eirin natural gas field gas field in the North Sea that will provide more supplies to the Europe.
Norway’s Equinor benefits from new role as main pipeline gas supplier to Europe with record earnings
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.
Asian spot LNG prices rise as global cargo liftings are at steady seasonal level amid firm Brent values
Liquefied natural gas prices rose in the spot market for China, Japan and South Korea while European values also increased amid a steady stream of cargo liftings at a seasonal level from global liquefaction plants through April 4 and with a firmer oil price underpinning long-term supply contracts.
