Equinor Signs Five-Year Natural Gas Supply Agreement with Eneco for Germany
Details of the Equinor and Eneco Gas Supply Agreement
OSLO, May 19 (Reuters) - Norway's Equinor said on Tuesday it has signed a five-year gas supply agreement with Dutch energy firm Eneco, for deliveries to its Germany subsidiary.
Agreement Volume and Duration
The agreement to supply Eneco's German subsidiary LichtBlick covers an annual volume of about 2.2 terawatt hours (TWh), or roughly 0.2 billion cubic metres (bcm) per year, running until 2030, the company said.
Previous Agreements Between Equinor and Eneco
It marks the second deal between Equinor and Eneco this year, following a five-year agreement signed in February to supply 0.5 bcm per year to the Netherlands.
Guarantees of Origin and Emissions Reduction
Both deals also include Eneco purchasing guarantees of origin from Equinor to certify a lower-than-average greenhouse gas footprint of the delivered natural gas.
Statements from LichtBlick
"As long as gas is still needed, we are taking targeted measures to reduce emissions as much as possible," said Jonas Beck, director of green energy markets at LichtBlick.
Security of Supply Amid Geopolitical Uncertainty
The contract also strengthened the company's security of supply in geopolitically uncertain times, he added.
(Reporting by Nora Buli, editing by Terje Solsvik)
