Home » 🇳🇴 Vår Energi extends gas sales agreement with Eni for an additional 12 years
Announcements

🇳🇴 Vår Energi extends gas sales agreement with Eni for an additional 12 years

61

offshore workers on Goliat

Vår Energi has extended the long-term agreement for delivery of up to a total of five billion cubic meters (bcm) natural gas to Eni over a 12-year period. 

The agreement adds to the recently announced gas sales contract with VNG. Vår Energi’s CEO, Nick Walker, comments:

We are very pleased with having secured an extension of a second long-term gas sales agreement with a major European energy company. The agreement with Eni, being confirmed shortly after a similar signing with VNG, is yet another strong testimony of Vår Energi’s commitment to being a stable and reliable energy supplier to key European markets. The deal entails doubling our committed delivery of natural gas to a total of 10 bcm over the 12-year period to two of our long-standing partners.  This will ensure access to energy for households, communities and businesses across the continent until the mid 2030’s.  

VÃ¥r Energi has been a key supplier of natural gas over the last three decades and we are pleased to strengthen the partnership with both long-term gas buyers.

The agreement demonstrates Europe’s trust and dependency of Norway as a key energy provider in a testing time for the continent. As Norway’s second largest exporter of natural gas, Vår Energi will continue to explore for further petroleum resources across the Norwegian Continental Shelf. Continued access to new exploration acreage, long term, stable framework conditions and political support are key elements in our ability to meet the obligations to our European customers and to ensure value creation in Norway.  

Under the terms of the agreement, Vår Energi will deliver up to five bcm of gas over the time period 2024-2036. The volumes will be delivered at the gas terminals in Emden and Dornum in Germany and will be priced at market terms. 

Contact 

Investor relations 
Ida Marie Fjellheim, VP Investor Relations
+47 905 09 291
[email protected] 

Media relations
Andreas Wulff, VP Public Affairs
+47 926 16 759
[email protected] 


Originally published on 1 July by VÃ¥r Energi.

Announcements are published as a service to readers. The sender is responsible for all content.

Announcements for publication can be submitted to [email protected].

Country

norway

Enjoy reading Arctic Today?

At Arctic Today, we strive every day to bring you reliable information on one of the world’s most dynamic and rapidly changing regions. Independent journalism ensures that stories about Far North communities, businesses, and governments are told without fear or favor. Your support helps us continue our important mission. Become a supporter today and join us in getting the word out on this vital region. Together, we can ensure that the Arctic story is told accurately and responsibly. Arctic Today is a U.S. non-profit organization. Donate to support Arctic Today here.