Equinor inks 5-year contract for gas supplies to German RWE

RWE and Equinor have signed a new supply contract for between 10 and 15 terrawatt hours (equivalent to ca. 1 – 1.5 billion cubic metrers – bcm) of natural gas per year from now until 2028, Report informs referring to Equinor website.

This new bilateral agreement builds upon the long-standing relationship between RWE and Equinor. The contract is priced at market terms and the gas will be delivered at Germany’s virtual trading hub THE (Trading Hub Europe).

“Germany and Norway have been energy partners ever since Norwegian gas exports first started more than 45 years ago. I am very pleased that we continue to develop this partnership and that we can announce another bilateral agreement between Equinor and RWE, which is one of many companies that see Norwegian gas as an enabler for energy security as well as of the energy transition,” says Helge Haugane, Equinor’s senior vice president Gas & Power.

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