Equinor and Uniper Sign 15-Year Gas Supply Deal for Germany

Norwegian oil company Equinor has entered into a 15-year gas supply deal with German utility company Uniper, committing to deliver over 30 terawatt-hours of natural gas per year until 2041. This agreement covers approximately 2.8 billion cubic meters of gas annually, with deliveries commencing on January 1, 2027, and concluding on December 31, 2041.

The gas will be distributed at Germany's primary gas market hub, Trading Hub Europe. Pricing for the gas will be based on prevailing market rates, while other commercial terms remain undisclosed.

Equinor's partnership with Uniper strengthens Norway's position as a significant natural gas supplier to Germany, which is the company's largest gas market. Gas exports from Norway to Germany began in 1977 and have continued since. This new contract marks the 50th anniversary of this trade relationship.

In light of Europe's ongoing efforts to secure and diversify its gas supply amid reduced Russian pipeline imports, Norway has become an essential provider to the continent. Long-term gas contracts have gained importance as utilities and industrial consumers strive for greater supply certainty while balancing the need for reliable energy with Europe's decarbonization goals.

Equinor and Uniper have also signed a non-binding letter of intent to explore the potential sale of sustainability-related attributes associated with the supplied gas. These attributes may include independently verified data on the origin and greenhouse gas intensity of Equinor's production. As Equinor sees natural gas as crucial for Europe's energy system, particularly for supporting industry, ensuring supply security, and providing flexibility to power systems, this agreement secures a substantial long-term outlet in its largest gas market.

For Uniper, the contract provides a contracted supply of Norwegian gas extending into the 2040s as Germany continues its energy transformation.