Equinor's Hammerfest LNG plant shut by compressor failure
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 02 2025
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Should l Buy ?
Source: Reuters
Unexpected Outage at Hammerfest LNG: Equinor's Hammerfest LNG plant in Norway has halted production for a week due to a compressor failure, affecting its capacity to deliver 6.5 billion cubic meters of gas annually, which supplies about 6.5 million European homes.
Impact on European Gas Supply: The outage comes as Norway has become Europe's largest natural gas supplier following the disruption of Russian gas exports, with production expected to resume by January 9.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
