Equinor Boosts Gas Exports by Sacrificing Some Oil Volumes
- Gas re-injected into Gina Krog oil field is exported instead
- Europe is suffering from economically damaging gas price spike
An oil and gas platform at the Gina Krog field in the North Sea
Source: Equinor ASA
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Equinor ASA is boosting natural gas exports to ease Europe’s supply crunch, sacrificing some oil production in the process.
The Norwegian giant has halted the re-injection of gas that had been used to boost oil output at the Gina Krog field, and will export the fuel instead, Equinor Chief Executive Officer Anders Opedal said in a Bloomberg TV interview on Wednesday.