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Equinor Signs 5-Year Natural Gas Supply Agreement With Eneco

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Equinor (EQNR) said Tuesday it signed a 5-year agreement with Dutch energy provider Eneco to supply natural gas from the Norwegian continental shelf.

The volumes will be delivered to the purchaser's German unit, LichtBlick, by the end of 2030, and the contract covers annual deliveries of about 2.2 terawatt-hours that began in April, the company said.

The buyer will also purchase origin guarantees for the fuel, which features a roughly 9% lower greenhouse gas intensity compared to alternative sources, Equinor said.

Shares of the company were up 1% in Tuesday premarket activity.

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