Norwegian energy giant Equinor (former Statoil) has signed a 10-year supply agreement with German state-owned energy company SEFE (Securing Energy for Europe). The deal entails the delivery of 111 TWhours (10 billion cubic meters - bcm) of natural gas per year from 1 January 2024 until 2034, including the option of extension of another 5 years, at terms reflecting market prices. As stated by Equinor, the deal is around 33% of total German industrial demand at present. The Norwegians also reported that the additional 5-year period is for a total…
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