Gaznat Signs Major Natural Gas Supply Contract with Equinor ASA

Source: www.gulfoilandgas.com 10/4/2022, Location: Europe

As part of its supply portfolio diversification policy, Gaznat has signed a gas purchase agreement with the Norwegian producer Equinor for a period of 5 years. To diversify its supply, Gaznat has entered into negotiations with the Norwegian gas producer Equinor. A new five-year gas purchase contract was signed with this supplier, thus completing its gas portfolio with gas extracted and transported under the highest environmental standards. This is a major step towards securing new gas volumes to get through the coming winters with a high level of supply security.

This partnership is of particular importance, as it strengthens a relationship with a leading, European and reliable producer, in an unprecedented geopolitical and macroeconomic context. It also allows Gaznat to diversify its portfolio including various counterparties.

Gaznat will import its volumes into its service area to supply its customers in western Switzerland, including gas distribution companies that are also Gaznat shareholders Equinor is the largest gas producer on the Norwegian continental shelf (North and Norwegian Sea), and one of the largest gas suppliers in Europe.


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