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Internal gas price

This page is available in English only

The internal transfer price for natural gas is a volume weighted average price calculated at the end of every quarter. 

For the NCS production, the internal transfer price paid from Marketing, Midstream and Processing (MMP) to Development & Production Norway (DPN) consists of the following price components: Volumes sold under regular sales contracts or in the spot market are priced using a basket of relevant price markers which is reflecting Equinor’s sales structure. This is based on quotations at Title Transfer Facility (TTF), National Balancing Point (NBP), NetConnect Germany (NCG) and Point d'échange de gaz (PEG). Certain long term contracts are priced towards DPN using actual contract price and certain LNG volumes are priced at Henry Hub (HH) quotations. 

The internal transfer price is reported after deducting costs relating to bringing the gas from the processing plants to market and a marketing fee element.

1 mmbtu is equivalent to 26.38 Sm3 
NOK conversion to USD based on average daily exchange rate for the quarter 

Period Internal gas price (USD/MMBTU)
2020  
Q4 3.88
Q3 1.45
Q2 0.91
Q1 2.61
   
Period Internal gas price (USD/MMBTU)
2019  
Q4 3.88
Q3 3.96
Q2 4.22 
Q1 5.57
   
Period Internal gas price (USD/MMBTU)
2018  
Q4 6.40
Q3
5.48
Q2 5.18
Q1 5.48
   
Period Internal gas price (USD/MMBTU)
2017  
Q4 4.90
Q3
4.17 
Q2 3.94
Q1 4.22
   
Period Internal gas price (USD/mmbtu)
2016  
Q4 3.83
Q3 2.62
Q2 2.90
Q1 4.00
   
Period Internal gas price (USD/mmbtu) 
2015
Q4 4.75 
Q3 5.01 
Q2 4.99 
Q1 5.90 
   
Period Internal gas price (NOK/Sm3)
2015  
Q4 1.54
Q3 1.56
Q2 1.47
Q1 1.74
   
2014  
Q4 1.70
Q3 1.20
Q2 1.44 
Q1 1.83
   
2013  
Q3 2.02
Q3 1.78
Q2 1.97
Q1 1.91
   
2012  
Q4 1.86
Q3 1.77
Q2 1.91
Q1 1.83
   
2011  
Q4 1.72
Q3 1.55
Q2 1.76
Q1 1.56
   
2010  
Q4 1.48
Q3 1.32
Q2 1.17
Q1 1.13
   
2009  
Q4 1.07
Q3 1.16
Q2 1.32
Q1 1.90
   
2008  
Q4 2.32
Q3 1.86
Q2 1.73
Q1 1.55
   
2007  
Q4 1.53
Q3 1.35
Q2 1.25
Q1 1.38
   
2006  
Q4 1.48
Q3 1.40
Q2 1.27
Q1 1.26
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