Equinor produces more LNG for Europe

On 19 September production started from the Askeladd Vest subsea field in the Barents Sea. The field contributes to continued high and long-term production of liquefied natural gas from the processing plant at Melkøya.
Askeladd Vest consists of two wells in a new well template tied back to the Askeladd field, which came on stream in 2022.

“Askeladd Vest is an important step in the development of the Snøhvit field and will help maintain full production at Hammerfest LNG until onshore compression starts as part of the Snøhvit Future project in 2028,” says Grete B. Haaland, Equinor’s senior vice president for Exploration and Production North.
About 700 people normally work at Melkøya, and overall, plant operations account for 1450 full-time equivalents. Hammerfest LNG is the only plant in Northern Europe producing and exporting liquid natural gas.
The plant produces 6.5 billion standard cubic metres of gas each year. This is the equivalent of about five per cent of Norway’s total gas exports, and about two per cent of the EU’s gas needs. Custom-built LNG vessels leave Melkøya every five days, carrying cooled liquid gas from HLNG to the European markets.

Recoverable volumes from Askeladd Vest total about 15 billion standard cubic metres of gas, and the investments amount to just over NOK 3 billion.
“Askeladd Vest is a highly profitable project. The project has received substantial deliveries from the Norwegian supplier industry and has created ripple effects on both the local, regional and national scale. The project was also completed with good HSE results,” says Trond Bokn, Equinor’s senior vice president for project development.
Askeladd Vest is part of the original plan for a phased development and operation of the Snøhvit field. The distance from Askeladd Vest to the production facility on Melkøya is 195 kilometres.
Partnership: Equinor Energy AS 36.79% (operator), Petoro AS 30.00%, TotalEnergies EP Norge18.40%, Vår Energi ASA 12.00% and Harbour Energy Norge AS 2.81%.

Related News.
September 25, 2026
ISLAND OIL: Unveiling of the Sculpture “Cyprus’s Journey Through the Ages” in Protaras – A Tribute and Landmark to Cyprus’s Historical Memory and Cultural Heritage
In a modest ceremony marked by a moving atmosphere, the sculpture “Cyprus’s Journey Through the Ages”, created by acclaimed Cypriot sculptor…
September 25, 2026
World Maritime Day 2026 from Policy to Practice – powering Maritime Excellence
Global regulations will deliver safer, more resilient shipping when they are implemented worldwide. The international maritime community marks…
September 25, 2026
Diana Shipping announces Time Charter Contract for m/v DSI Polaris with Dai An Ocean Shipping
Diana Shipping , a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, announced that, through a…
September 25, 2026
Chief Economists Expect Global Economy to Stabilize, but Fiscal Constraints, Rising Living Costs and AI Investment Uncertainty Threaten Growth
The global economy is stabilizing, but the fiscal support that cushioned successive shocks since 2020 is unlikely to play the same role in the year…
September 25, 2026
V. welcomes its new graduate cohort as programme expands across the group
Twelve graduates from nine nationalities join 11th year of V.’s expanded international management programme. V., the global ship manager and marine…
September 25, 2026
From Policy to Practice: Why Seafarers Are the Key to Maritime Excellence
The shipping industry is no stranger to regulation. Seafarers and ship operators work within a vast framework of international conventions, national…
September 25, 2026
Intermodal Report – Week 38 2026
Please find below the Intermodal market report for week 38 2026. Intermodal Report Week 38 2026 Market Insight By Nikos Tagoulis, Head of…
September 25, 2026
Allied – Weekly Market Review – Week 38
Please find below the Allied Weekly Report for Week 38 | 2026 ALLIED - Weekly Market Report- Week 38
September 25, 2026
Record year on the Northeast Passage but Arctic shipping remains very limited
In 2025, a record 103 transit voyages were made via the Northeast Passage. However, this is still equivalent to only around a day and a half of…
September 25, 2026
[xclusiv] S&P Report 21th September 2026
Please find below the [xclusiv] latest Weekly S&P Report [xclusiv] 2026_09_21 Market Commentary: VLCCs: Freight Boom Reprices the Fleet The VLCC…
Subscribe to our newsletter!
if you dont want to swim alone in the ocean of news, sign up for the newsletter, and you will receive daily all the important news of world shipping!
Design & Development by P.KAN.DESIGNER
© 2026 Cyprus Shipping News. All rights reserved
Design & Development by P.KAN.DESIGNER
© 2026 Cyprus Shipping News. All rights reserved























