Equinor Targets LNG Growth by Early 2030s

Equinor plans to expand its liquefied natural gas supply portfolio to 15 million metric tons per year early next decade. The expansion aims to meet growing demand from European and Asian markets amid global supply shifts.

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FILE PHOTO: The logo of Equinor is set up at the entrance of a building at Western Europe's largest liquefied natural gas plant Hammerfest LNG in Hammerfest, Norway, March 14, 2024.

EQUINOR ASA aims to expand its LNG supply portfolio to between 10 million and 15 million metric tons per year by the early 2030s, targeting European and Asian buyers. The Norway-based producer plans to double its current supply portfolio to 7 million tpy by 2030. The expansion comes as regional Middle East conflicts disrupt traditional export routes.

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