Norway’s Equinor signed its biggest long-term gas contract in nearly 40 years on Tuesday in a €50bn deal with German state energy group SEFE.
It comes as EU countries seek stable supplies to compensate for the loss of piped gas from Russia.
The deal will supply Germany with 129bn cubic metres of gas up to 2039, enough to cover a third of the country’s industrial demand, Anders Opedal, chief executive of state-owned Equinor, told the Financial Times.
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