News Digest (www.upstreamonline.com)
Norwegian energy company Equinor has entered into a long-term gas supply agreement with the Czech company Prazska Plynarenska. The contract is set for a 10-year duration, extending until 2035, and deliveries have already commenced to a virtual gas hub located in Brandov, Czech Republic.
The gas supplied under this agreement will be sourced from developments on the Norwegian continental shelf. The transportation route involves moving the gas from Norway to Germany, from where it will be forwarded to the Czech Republic. Specific details regarding the volumes, terms, and conditions of the deal remain confidential, with pricing structured to reflect prevailing European market prices.
The gas will be utilized by Prazska Plynarenska to supply households and businesses in Prague, as well as for consumers, heating, and power generation in other parts of the country. This agreement is part of a series of long-term gas contracts Equinor has signed across Europe, underscoring the strategic role of gas in enhancing European energy security. It also marks a continuation of Equinor's market expansion from its traditional bases in Northwest Europe and the UK into Central and Southern Europe, where it identifies growing market potential.
This new supply arrangement is significant as the Czech Republic previously relied on gas from Russia, which was transported via pipelines through Ukraine and Slovakia. These Russian deliveries ceased after the transit agreement between Russia and Ukraine expired on December 31, 2024.
In a related regional energy development, Poland's largest oil and gas company, Orlen, has finalized a plan to increase gas deliveries to Ukraine. A contract was signed with Ukraine's Naftogaz for the supply of 300 million cubic meters of gas in the first quarter of 2026. The gas will be sourced from the United States in the form of liquefied natural gas (LNG). Orlen will procure three LNG cargoes, which will be regasified at its terminal on the Baltic Sea and then transported to Ukraine via its trunkline network. This new contract builds upon existing commercial cooperation, through which Orlen has already sold 600 million cubic meters of gas to Ukraine since 2025, and may serve as a foundation for future agreements.
24 November 2025
This material is an AI-assisted summary based on publicly available sources and may contain inaccuracies. For the original and full details, please refer to the source link. Based on materials by Vladimir Afanasiev. All rights to the original text and images remain with their respective rights holders.