Norway’s oil and gas major Equinor—which provides around 25 percent of the European Union’s (EU) natural gas demand—aims to play a more active role in selling its natural gas on the European market and take advantage of spot market prices where profitable. That’s the message which Equinor’s top management conveyed to the market and analysts regarding natural gas sales on the conference call on the Q2 financials this week. Most Norwegian gas sold on the European market is delivered to Germany, the UK, Belgium, and France, where Norwegian gas accounts for between 20 and 40 percent of total gas consumption. Despite plans for more exposure to the spot market, Equinor saw in Q2 and will continue to see in Q3 benefits from forward sales of its gas, the managers said on the call. “We have sold and are benefiting then from the long-term gas sales as of this quarter,” […]