Norwegian oil and gas producer Equinor may begin adjusting gas supply to better match demand, as with hydro generators in the Nordic power market, said gas analyst Karen Sund at Oslo-based consultancy Sund Energy.
It’s difficult to know if they reduce supply for commercial or technical reasons… suppliers attempt to recoup investment costs
But growing oversupply in Europe and stiffer competition from LNG, which has been flooding northwest Europe, could force through a paradigm shift within Equinor,
Norway can choose between the continent and UK for adjusting gas. Equinor’s acquisition of Danske Commodities may turn Equinor more price-focused going forward.
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An excerpt from Montel