Equinor delivered an 18% increase in Norwegian gas production in the second quarter of 2022 as part of its effort to support energy security in Europe.

In return, Equinor benefited from a 260% increase in the European gas price to $27 per million British thermal units.

“Equinor continues to provide high gas production from the NCS [Norwegian Continental Shelf], including volumes from Hammerfest LNG, now safely back in production. Solid operational performance and high production combined with high prices resulted in strong financial results with adjusted earnings of more than $17 billion before tax,” Equinor chief executive Anders Opedal said.