Equinor Secures Major Gas Supply Deal with UK to Bolster Energy Security

Deal News | Jun 05, 2025 | Equinor ASA

Equinor Secures Major Gas Supply Deal with UK to Bolster Energy Security

Equinor ASA, a Norwegian energy giant, has strengthened its partnership with the UK through a landmark gas sales agreement with Centrica, a leading UK energy company. Under this agreement, Equinor will supply gas from the Norwegian continental shelf to the UK, covering nearly 10% of the UK's annual gas demand. This move is pivotal for enhancing the UK's energy security and further aligns with Equinor's long-term goal of supporting decarbonization efforts. Equinor, together with Centrica, emphasizes the role of natural gas as a transitional energy source toward a low-carbon future. Equinor already has significant investments in UK renewable energy, including offshore wind farms and carbon capture projects, reflecting its commitment to both energy security and sustainable practices. The deal is also expected to stimulate the development of the UK's hydrogen market, ensuring a robust energy future.

Sectors

  • Energy
  • Renewable Energy

Geography

  • United Kingdom – The UK is a primary focus of the article, as it pertains to energy security and partnerships with Equinor for gas supply.
  • Norway – Equinor, a Norwegian company, supplies a substantial part of the UK's gas from the Norwegian continental shelf.

Industry

  • Energy – The article involves the energy industry, focusing on natural gas supply, renewable energy projects and carbon capture, with implications for energy security and transition.
  • Renewable Energy – The article discusses Equinor's investments in offshore wind farms and projects like the world's largest offshore windfarm, Dogger Bank.

Financials

  • Covers nearly 10% of total annual UK gas demand – The percentage of annual UK gas demand covered by the new agreement with Equinor.

Participants

NameRoleTypeDescription
Equinor ASASupplierCompanyNorwegian energy company supplying gas and involved in renewable energy and carbon capture projects.
CentricaCustomerCompanyUK-based energy company, partner in the gas supply agreement with Equinor.
Anders OpedalPresident and CEOPersonCEO of Equinor ASA who commented on the importance of the gas sales agreement.
Alex GrantUK Country ManagerPersonEquinor's UK representative highlighting energy security and decarbonization.
Chris O'SheaGroup Chief ExecutivePersonCEO of Centrica, emphasized the importance of the agreement for UK energy security.