Equinor

hva gjør equinor?

Equinor is the second biggest supplier of natural gas to Germany. Every third user of natural gas is therefore dependent on supplies from Norway. This makes Germany the most important market for Equinor's natural gas production in Norway. The natural gas supplies are delivered through three offshore pipelines stretching from the production fields in Norway to the northern coast of Germany. Together with our natural gas supplies Equinor has also a big natural gas storage operation close to the landing points for the pipelines. This serves as a back-up for our supplies and also part of our trading and marketing activities of natural gas.

On 26 October the last turbine of our offshore wind park in the Baltic Sea was installed. This marked the end of the construction of a 1,2 billion Euro investment in a 385 MW offshore wind mill park. So today Equinor is also supplying Germany with renewable power.

Equinor has a strong focus on technology development within the area of energy and energy storage. We have therefore invested in a solar panel development company, Oxford PV, which has its development and production plant in Brandenburg. They develop a multi-layer technology which would increase the efficiency and thereby reduce the cost for solar. Further, we have invested in a Bavarian company that has developed a sensor induced optimization of wind mills by continuously monitoring and adjusting the angle of the blades.

Germany is and will be an important market for our production of natural gas in Norway, however, the energy supplied to consumers need to have less and less carbon footprint. Equinor has taken the challenge to shape the future of energy that delivers the aims set forth in the Paris accord. We are working along two axis. Firstly, we want to reduce our carbon footprint from the production by for instance installing floating wind mills offshore or using renewable power from shore. Secondly, we work on five pilot projects in various countries and in various market segments to take out the carbon from the natural gas and distribute hydrogen for use. One of the projects is in Germany where we together with a German company are looking into the feasibility to convert a natural gas network to a hydrogen network.

Equinor will continue to search for and develop offshore wind parks in the territory of Germany and take part in achieving the ambition to raise the renewable share from today's 38% from renewables in the power sector to the Government's ambition of 65% in 2030.

Equinor are in the final closing phase of our acquisition of Danske Commodities which is a sizeable world-wide power and natural gas trading with bid activities in the German energy market. This acquisition will be a doorstep towards a higher activity in the German energy markets in the future.