What is Equinor's stance on long-term oil and gas cooperation with China, and what factors are driving this outlook?

Equinor China President Karsten Stoltenberg expressed optimism about long-term oil and gas cooperation with China, citing rising global demand for energy security, supply chain stability, and reliable, affordable energy amid market volatility and disruptions. He noted that these concerns have increased the demand for long-term agreements, and Equinor has already signed such agreements with partners in Europe and Asia while maintaining regular dialogue with Chinese counterparts to explore sustained oil and gas supply opportunities.

How does Equinor view China's role in energy transition technologies, and what concrete example illustrates this collaboration?

Karsten Stoltenberg stated that China holds a leading position in energy transition technologies and that Chinese suppliers demonstrate strong competitiveness, opening new avenues for bilateral cooperation. A specific example he highlighted is the 'Northern Lights' CCS (Carbon Capture and Storage) project — which Equinor co-operates — where the carbon dioxide transport vessel was built by a Chinese company.

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Equinor China President Optimistic About Long-Term Oil & Gas Cooperation with China

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Equinor's China president expressed optimism on long-term oil and gas cooperation with China due to energy security needs and supply chain stability, highlighting existing partnerships and opportunities in energy transition technologies.

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