Equinor Delays Hammerfest LNG Upgrade as Costs Climb Past NOK 20 Billion [Yahoo! Finance]
Equinor ASA (EQNR)
Last equinor asa earnings: 2/6 12:43 am
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Source: Yahoo! Finance
in 2029, one year later than originally planned, and total project costs exceeding NOK 20 billion in 2025 terms. The update, released on December 22, confirms that estimated costs have increased by roughly NOK 4 billion since 2024. When the plan for development and operation (PDO) was submitted in 2022, the project carried an initial estimate of NOK 13.2 billion, equivalent to about NOK 14.7 billion when adjusted for inflation. Snøhvit Future is designed to extend plateau production at Hammerfest LNG as reservoir pressure declines and to significantly reduce emissions through electrification. Once completed, electrification of the Melkøya LNG facility is expected to cut annual CO? emissions by around 850,000 tonnes—roughly 2% of Norway's total annual emissions - making it one of the country's largest single decarbonization projects. Equinor said the project is now approximately halfway completed but acknowledged that execution has proven more demanding than anticipated. Accordin
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EQNR
Earnings
- 10/29/25 - Miss
EQNR
Sec Filings
- 12/23/25 - Form 6-K
- 12/16/25 - Form 6-K
- 12/12/25 - Form 6-K
- EQNR's page on the SEC website