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Equinor to Supply Dutch Firm Eneco With Natural Gas Under 5-Year Deal

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Norwegian oil company Equinor (EQNR) will supply Dutch energy company Eneco with natural gas from Norway's continental shelf for a 5-year period as per an agreement they have reached, Equinor said on Tuesday.

Equinor will deliver the gas to Eneco wholly-owned German subsidiary LichtBlick through the deal whose annual volume is 2.2 terawatt-hours or about 200 million cubic meters per year, with deliveries to Germany having started in April.

The statement said that the gas supplied from the Norwegian continental shelf has a greenhouse gas intensity than 9% less than alternative supplies to the German grid.

Eneco will buy guarantees of origin from Equinor and named sustainability qualities via the Attributes SAS platform which independently tracks Equinor's greenhouse gas emissions.

According to LichtBlick, gas under this contract has around 9% lower greenhouse gas intensity than their alternative sources.

Equinor, the single largest supplier of pipeline gas to Europe, said that electrification of offshore facilities and other improvements have lowered its production and transport emissions.

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