Equinor will supply German utility Uniper with more than 30 TWh, or about 2.8 billion cubic metres, of natural gas a year under a new 15-year agreement. Deliveries run from 1 January 2027 through 31 December 2041, with gas handed over at Trading Hub Europe, the German gas market area, and priced on market terms, while other commercial details stay confidential between the two companies.
Deal terms
| Term | Detail |
|---|---|
| Volume | More than 30 TWh/year (about 2.8 bcm) |
| Duration | 15 years, 1 January 2027 to 31 December 2041 |
| Delivery point | Trading Hub Europe |
| Pricing | Market terms; other commercial details confidential |
Anders Opedal, Equinor's president and chief executive, called the extended relationship with Uniper one built on "a trusted long-term energy partner to Europe."
Anchor market since 1977
Germany is Equinor's largest market for natural gas and has been an anchor market for Norwegian gas since exports began in 1977. Deliveries under the new agreement start in January 2027, the same year Norway and Equinor mark 50 years of gas exports to Germany.
Opedal said Norwegian gas has "heated German homes, fuelled German industry" for five decades, and described the new agreement as extending the commercial relationship with Uniper well into the 2040s. Uniper chief executive Michael Lewis said Norway is "a cornerstone of Europe's energy security," and pointed to potential further work with Equinor on lower-emissions gas solutions for customers in Germany.
Sustainability data layer
Equinor and Uniper also signed a non-binding letter of intent to explore sales of sustainability-related attributes tied to the new supply agreement. Those attributes are documented, third-party-verified data on the origin of the gas and its greenhouse gas intensity, made available through Equinor's Attributes digital platform.
The companies' release also casts natural gas as remaining part of Europe's future energy mix while renewable power and low-carbon gases expand.
