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Uniper, Equinor sign 15-year gas supply deal worth over 30 TWh annually

German utility Uniper secures long-term Norwegian gas supply from 2027 to 2041, reinforcing Europe's energy security amid ongoing market volatility.

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David Chen · Commodities Desk · 24 Aug 2026 · 08:04 · 1 min read
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Uniper, Equinor sign 15-year gas supply deal worth over 30 TWh annually

German energy group Uniper has signed a 15-year supply agreement with Norwegian energy major Equinor, securing annual deliveries of more than 30 terawatt hours (TWh) of natural gas starting in 2027.

The deal, announced on Monday, covers the period through 2041 and is designed to strengthen Germany’s energy supply security. Uniper estimates the volume equates to the annual consumption of more than two million German households. Equinor, already a key supplier to the German market, has played a pivotal role in offsetting reduced Russian gas flows since the 2022 energy crisis.

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Uniper CEO Michael Lewis said the agreement reinforces long-term gas supply for Germany while deepening cooperation with Equinor. The companies also plan to collaborate on developing lower-emission gas solutions in Germany. Norway remains a critical partner for Europe’s energy security, Lewis added.

Equinor CEO Anders Opedal emphasized the strong demand for reliable, long-term gas deliveries from Norway. The agreement underscores Equinor’s role as a dependable long-term energy partner for Europe, he said.

The contract follows broader efforts across Europe to diversify energy sources and reduce reliance on Russian gas amid ongoing geopolitical and market uncertainties.

This article was produced with AI assistance and edited by a Finance Review Daily journalist.
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Written by
David Chen
Commodities Desk

David reports on energy, metals and agricultural markets, tracking how supply signals and safe-haven demand move prices across the commodities complex.

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