Equinor wins permission to hike Troll, Oseberg gas exports, DN reports

Norway’s Equinor has won permission to increase pipeline gas exports to Europe from the offshore Troll and Oseberg fields, Norwegian deputy oil and energy minister Tony Tiller told newspaper Dagens Naeringsliv on Monday.

The minister did not say by how much the production would be increased. Equinor and the ministry were not immediately available for comment.

Wholesale gas prices have risen in recent months as economies reopen as the COVID-19 pandemic eases and high demand for liquefied natural gas (LNG) in Asia pushed down supplies to Europe, leading to quirks such as a shortage of carbon dioxide.

Britain is considering offering state-backed loans to energy firms after wholesale gas prices soared, prompting big suppliers to ask for support from the government to cover the cost of taking on customers from companies that have gone bust.