Equinor's Hammerfest LNG plant shut by compressor failure
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 02 2025
0mins
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.
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.
