Equinor CEO: Europe Better Positioned for Winter Gas Needs But Market Volatility Expected
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Equinor CEO says European gas market in better position than last year due to almost full gas storage, lower energy prices and new sources.
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Market still expected to be volatile this winter due to variables like weather and competition from Asia for LNG.
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Equinor will maximize gas supply through pipelines, but Europe dependent on LNG imports.
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Equinor CEO disappointed New York regulators rejected improved terms for offshore wind contracts to reflect inflation.
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Equinor will continue working with partners and governments to find solutions to move wind projects forward.