Russia is a significant supplier of oil and gas. A number of major economies have formulated plans to reduce their reliance on Russian hydrocarbons following its invasion of Ukraine.
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Norwegian energy firm Equinor said Thursday it would deliver extra gas to the U.K.’s Centrica over the next three winters, as countries in Europe look to shore up their supplies amid the ongoing war between Russia and Ukraine.
Equinor, which the Norwegian state has a 67% stake in, said the new agreement would add roughly 1 billion cubic meters of gas per year to an existing bilateral contract with Centrica, the U.K.’s biggest supplier of gas and electricity to consumers via…