The Norwegian oil and gas major Equinor and the German energy company Uniper have signed a 15-year agreement for supplies of natural gas to Germany.
Under the agreement, Equinor will deliver more than 30 TWh (ca. 2.8 billion cubic metres) of natural gas per year to Uniper.
Supplies under the new agreement will be from 1 January 2027 to 31 December 2041 with the gas delivered at Trading Hub Europe, the German gas market area. Pricing will reflect market terms, while other commercial details are confidential between the parties.
Germany is Equinor’s largest market for natural gas and has been an anchor market for Norwegian gas since exports started in 1977. Deliveries under the new agreement will start on 1 January 2027, the same year Norway and Equinor mark 50 years of gas exports to Germany.
Anders Opedal, president and CEO of Equinor, says that “We are pleased to extend our long-standing partnership with Uniper. This agreement demonstrates the strong demand for reliable, long-term gas supplies from the Norwegian continental shelf, which delivers energy and industrial feedstock with a lower carbon footprint than alternative gas supply. It further strengthens Equinor’s role as a trusted long-term energy partner to Europe, says Anders Opedal, president and CEO of Equinor,” and he adds that “For five decades, Norwegian gas has heated German homes, fuelled German industry and contributed to Germany’s energy security. This new agreement with Uniper builds on that history and extends our commercial relationship well into the 2040s. It is a reminder of the importance of long-term partnerships in a period with changing energy markets.”
