Equinor and Eneco Sign 5-Year Gas Agreement for Supplies to the Netherlands

Equinor and Eneco have signed a 5-year agreement for deliveries of gas to Eneco, a main supplier of natural gas, electricity and heat in the Netherlands. The volumes are up to 0.5 billion cubic meters (bcm) per year with deliveries to the Dutch gas grid from 1 February this year.

The agreement concerns gas with a lower-than-average greenhouse gas footprint, because production and transport of gas on the Norwegian continental shelf have a smaller greenhouse gas footprint than other sources of gas supplied to Europe.

In addition to the supply of gas, Equinor will transfer to Eneco guarantees of origin, named ‘sustainability qualities’, via a platform operated by provider Attributes SAS. According to Eneco, their reported CO2-emissions will be reduced by more than 10% through this agreement.

“I am very pleased that this new offering is included in the agreement with Eneco, a major energy provider committed to sustainability. This is among the first agreements that we make on the Attributes SAS platform and an example of how key European energy players regard Norwegian gas as a contribution to energy security and attractive also from a sustainability point of view”, says Equinor’s Senior vice president Gas & Power Helle Østergaard Kristiansen.

Eneco’s Chief Executive Officer Kees Jan Rameau adds: ‘We are happy with this new deal with Equinor, a longtime supplier and partner. It marks another step to our One Planet goal of climate neutrality. En route to that goal, natural gas remains a necessary component in the energy mix for some time, so we are glad that with this agreement we are sourcing gas with the lowest emissions available.”

Rotterdam-based Eneco is a leading provider of electricity, natural gas and heat in the Netherlands, Belgium, Germany and the UK, supplying more than 2 million households and businesses.