Today, 80 percent of the energy the world uses comes from fossil sources. This cannot continue. By 2050, our ambition is to deliver energy the world needs, without contributing to global warming.
Norway Energy hub is Equinor’s industrial plan for Norway’s future energy industry, placing Norway at centre stage in accelerating the energy transition. The plan can lead to 350 billion NOK in investments from the private sector. Equinor estimates that we will invest around 100 billion NOK under this plan.
"Equinor aims to be a leading player in the energy transition. This also means that we will shoulder our share of the responsibility for making Norway, as an energy nation, a hub for the rest of Europe. 'Norway energy hub' is an initiative from Equinor, with a clear encouragement to cooperate in combating climate change and ensuring value creation in the energy transition. The opportunity to act is now" says Anders Opedal.
Anders Opedal, CEO
AN INDUSTRIAL PLAN FOR THE FUTURE OF NORWAY AS AN ENERGY NATION
We want Norway to retain its position as an important and stable exporter of energy to Europe. Together with partners, we are investing 50 billion NOK in emissions reductions on the NCS, developing offshore wind, CCS and early phase hydrogen projects. Now we’re raising the bar with a further ~100 billion NOK in investments.