Equinor Signs Long-Term Gas Supply Agreement with Uniper
Norwegian energy company Equinor has signed a 15-year natural gas supply agreement with Germany's Uniper, securing over 30 terawatt-hours of annual deliveries to Europe’s largest economy through 2041. The deal involves the delivery of approximately 2.8 billion cubic meters per year starting in January 2027 at Trading Hub Europe. Pricing will be based on market terms, while other commercial details remain undisclosed. The agreement strengthens Norway's position as a key gas supplier to Germany and reflects European efforts to diversify energy sources following reduced Russian imports earlier this decade. Equinor noted that natural gas is expected to play an ongoing role in supporting Europe’s industrial needs and power system flexibility amid the transition toward renewable energy. The deal also includes plans for both companies to explore sustainability-related attributes of the supplied gas, such as greenhouse gas intensity. For Uniper, the contract provides long-term supply security into the 2040s while Germany continues its energy transformation.
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Topics: Energy Europe Natural Gas Supply Chain