Equinor Aims for LNG Expansion in Key Markets

Equinor, a Norwegian energy group, is expanding its liquefied natural gas (LNG) activities to meet rising demand in key markets. The company's strategy involves geographic diversification of supply across North America, South America, and Africa.

Equinor aims to increase its LNG portfolio from the current 7 million tonnes per year by 2030 to between 10 and 15 million tonnes by the early 2030s. The group has already signed a 15-year agreement with India's Deepak Fertilizers and Petrochemicals in May 2026.

Equinor is targeting state-owned utilities and fertilizer producers, particularly in Europe, India, and Southeast Asia. The company expects to sign a second supply contract with an Asian customer soon. Several Indian and Southeast Asian counterparties are seeking new sources of supply due to disruptions to exports from Qatar and the United Arab Emirates.

Equinor is also looking for additional US volumes on the East Coast, Canada's West Coast, South America, and Africa. The group wants to incorporate more cargoes indexed to Brent crude to reduce its exposure to a single pricing mechanism.