Norwegian authorities urge Equinor not to close gas-fired power plant

To ensure supply security in Norway, TSO Statnett has now formally requested that the oil outfit postpone plans to close the Mongstad power plant.
Photo: Equinor
Photo: Equinor

Approximately five years ago, Equinor announced that enough was enough. It was clear early on that the gas-fired power plant Mongstad was a far cry from being a money-spinner. This might even have been evident from the beginning given that Ørsted in 2013 – a mere three years after the plant’s inauguration – noted a loss of DKK 160m after selling it for DKK 1.7bn to the Norwegian oil company. But the consistent and severe operating losses led Equinor to announce the gradual phase-out of the plant in February 2017.

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