Equinor signs 10-year agreement for gas supplies into the Czech Republic
Equinor’s deliveries of pipeline gas to Europe are supported by resources from the Norwegian continental shelf, one of the continent’s most critical energy regions. Pražská plynárenská will utilise this gas to provide households and businesses in Prague and across the country with heating, electricity, and natural gas.
“I am excited that we have made this agreement with Pražská plynárenská and that we now provide energy to homes and enterprises in the Czech Republic. This joins a string of long-term gas contracts we have signed across Europe in recent years, demonstrating the role gas plays for European energy security”, says CEO Anders Opedal.
“This step will significantly strengthen the stability and reliability of natural gas supplies for Pražská plynárenská’s customers, and its scope will cover, among other things, a significant part of the total consumption of households supplied with natural gas by our company,” says Ludvík Baleka, Chairman of the Board of Directors of Pražská plynárenská.
While Equinor’s primary gas markets have traditionally been Northwest Europe and the UK, the company has expanded its footprint over the past decade to include the Baltics and Poland. It now sees increasing market potential among customers in Central and Southern Europe.
Under the agreement, which runs until 1 October 2035, Equinor will supply gas to the Czech hub. Specific details regarding volumes, terms, and conditions remain confidential between the parties.
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