By Equinor has announced that the Norwegian government has given its approval for the future operation of the Snohvit gas field and Hammerfest liquefied natural gas (LNG) plant, with certain conditions. This includes an amended plan for the development and operation of Snohvit, as well as an amended plan for the installation and operation of Hammerfest LNG.
One of the key conditions is the implementation of electrification, which has been postponed by two years, from 2028 to 2030. Additionally, gas turbines will be maintained as a backup power source from 2030 to 2033. Equinor, the Norwegian energy major, stated that the partnership’s initial application had requested an earlier start for electrification.
The project requires a significant investment, with the Snohvit partners committing 13.2 billion Norwegian kroner ($1.3 billion) to the endeavor. Equinor holds the largest stake at 36.79%, followed by Petoro with 30.0%, TotalEnergies with 1.4%, Neptune Energy with 12.0%, and Wintershall Dea Norge with 2.81%.
Overall, Equinor welcomes the government’s approval as it paves the way for the future operation of the Snohvit gas field and Hammerfest LNG plant, supporting Norway’s energy goals and promoting sustainable development in the region.
Comments