Potential power rationing could carry major consequences for Norway's gas export

Too little water in the country’s hydro reservoirs could lead to electricity rationing, possibly impacting electrified offshore oil and gas platforms. Equinor’s CEO is closely monitoring the domestic power situation.

Photo: Harald Pettersen, Equinor/Digital

BY ANDERS LIE BRENNA, TRANSLATED BY DANIEL FRANK CHRISTENSEN

Equinor recently released its second-quarter interim report, showing a gigantic operating result of USD 17.7bn, further informing that the oil company notes greater costs tied to higher power price – although without disclosing specific figures.

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