FREELAND: CANADA WON'T ESCALATE OR BACK DOWN ON US TRADE FIGHT

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK T-Bill Calendar: 8/13/28/50-Week BTF Auction on Monday

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

NATGAS: Equinor Investment Plans to Support Strong Gas Output

NATGAS

Equinor investment plans are expected to support strong Norwegian shelf natural gas output, according to Kjetil Hove cited by Montel.

  • TTF gas prices are expected to remain around current levels of €30-40/MWh until at least 2035.
  • “We believe in a very volatile price path but yes, over time these are the levels we anticipate going forward,” said Hove.
  • “If you look at pipeline gas from Norway in competition with LNG, then the pipeline gas is very attractive,” he said. LNG is the key price driver in the European gas market.
  • Oil and gas production in a decade will probably be similar to today as Equinor plans to invest NOK 60-70bn (€5-6bn) on the Norwegian shelf annually until 2035.
Energy BulletsBulletPower BulletsCommodities
Energy BulletsBulletPower BulletsCommodities

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.