Providing gas to Europe with record-low emissions and high revenues
Production has started from Troll Phase 3, supplying natural gas to Europe with CO2 emissions of less than 0.1 kg per barrel oil equivalent. Annual energy production from the Troll field alone corresponds to approximately three times Norway’s total annual domestic hydropower production.
The energy transition is already underway. But can we act fast enough?
Today, two-thirds of Europe’s energy system is based on fossil fuels. If the world is going to stop global warming, CO2 emissions have to be drastically reduced – and fast. By 2030 over 50% of Equinor’s investments are planned to be within renewables and low carbon solutions.
We’re building the world’s largest offshore windfarm: Dogger Bank
Dogger Bank breaks the bounds of what size an offshore wind farm can be. Soon, this giant sandbank off the coast of the UK will be the site of the world’s largest offshore wind farm, capable of providing energy equivalent to powering five million British homes.
Equinor’s ambition is to reach net-zero emissions by 2050.
Our new ambition includes emissions from production and final consumption of energy, setting a clear strategic direction and demonstrating our continued commitment to long-term value creation supporting the Paris Agreement. Read more here.