Norway's Equinor (EQNR.OL), opens new tab said on Tuesday it has signed a five-year gas supply agreement with Dutch energy firm Eneco (8058.T), opens new tab, (9502.T), opens new tab for deliveries to its Germany subsidiary.
The agreement to supply Eneco's German subsidiary LichtBlick covers an annual volume of about 2.2 terawatt hours (TWh), or roughly 0.2 billion cubic metres (bcm) per year, running until 2030, the company said. The Reuters Power Up newsletter provides everything you need to know about the global energy industry. Sign up here. It marks the second deal between Equinor and Eneco this year, following a five-year agreement signed in February to supply 0.5 bcm per year to the Netherlands. Both deals also include Eneco purchasing guarantees of origin from Equinor to certify a lower-than-average greenhouse gas footprint of the delivered natural gas.
"As long as gas is still needed, we are taking targeted measures to reduce emissions as much as possible," said Jonas Beck, director of green energy markets at LichtBlick. The contract also strengthened the company's security of supply in geopolitically uncertain times, he added.
