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Stock impact report

Norway's Equinor strikes Malaysia LPG deal with Global Petro Storage [Reuters]

Equinor ASA (EQNR) 
Last equinor asa earnings: 2/6 12:43 am Check Earnings Report
Company Research Source: Reuters
Norway's Equinor strikes Malaysia LPG deal with Global Petro Storage | Reuters 2 Min Read OSLO (Reuters) - Equinor and Global Petro Storage (GPS) have entered into a long-term agreement to build and operate a terminal and storage facility for liquefied petroleum gas (LPG) at Port Klang in Malaysia, the Norwegian company said on Thursday. Under the terms of the deal GPS will build a new facility at the port, with start-up of operations planned for mid-2021. Oil and gas firm Equinor will bring LPG to the terminal to sell into Malaysia and other Asian markets including Bangladesh, the Philippines, India, Indonesia and Vietnam. “Malaysia is an attractive market and we believe that we will be a competitive supplier to the wholesalers of LPG into the domestic market,” Equinor’s Vice President for Products and Liquids Molly Morris said in a statement. “The terminal and storage are also strategically located for blending and selling to other growing markets in the region,” she added. Equinor Show less Read more
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