6 votes

Europe's gas supply once again hinges on one company – Equinor now plays an outsized role in the ups and downs of the continent's gas prices

Posted by mycketforvirrad
Tags: energy, norway, fuels.fossil, oil and gas, business, monopolies, equinor, 2022 russian invasion of ukraine, gazprom, supply chains, prices, europe, russia, author.priscila azevedo rocha, author.kari lundgren, source.bloomberg, paywall
https://www.bloomberg.com/news/articles/2024-05-13/equinor-how-norway-s-gas-giant-quietly-took-over-europe

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Title
Bloomberg
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77 words

2 comments

  1. Loire
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    Background: Equinor formally known as (and better known as) Statoil for this who don't pay attention to the going ons of the oil industry. Norway's long time largest oil company and a...

    Background: Equinor formally known as (and better known as) Statoil for this who don't pay attention to the going ons of the oil industry. Norway's long time largest oil company and a multinational with operations in numerous countries. I believe Norway still owns a majority stake in the company.

    They also own 2400MW (and growing) in offshore Wind Farms and 1060MW in various land based wind and solar. Despite this North Sea Oil is still their biggest product by a large margin.

    5 votes