Equinor and the Capital City of Prague’s gas and electricity company Pražská plynárenská have signed a long-term agreement for 10 years of gas supplies into the Czech Republic. Deliveries have started and will last until 2035.

Equinor’s supplies of pipeline gas to Europe are backed by the resources on the Norwegian continental shelf, Europe’s most important energy province. Pražská plynárenská will use the gas to supply households and businesses in Prague and other parts of the country with heat, electricity and natural gas.

“I am excited that we have made this agreement with Pražská plynárenská and that we now provide energy to homes and enterprises in the Czech Republic. This joins a string of long-term gas contracts we have signed across Europe in recent years, demonstrating the role gas plays for European energy security”, says CEO Anders Opedal.

“This step will significantly strengthen the stability and reliability of natural gas supplies for Pražská plynárenská’s customers, and its scope will cover, among other things, a significant part of the total consumption of households supplied with natural gas by our company,” says Ludvík Baleka, Chairman of the Board of Directors of Pražská plynárenská.

While Equinor’s main gas markets have been in Northwest Europe and the UK, the company has during the last decade expanded its reach to include supplies to the Baltics and Poland and now sees a growing market potential among customers in Central and Southern Europe.

The agreement lasts until 1. October 2035 and Equinor will deliver the gas at the Czech hub. Information on volumes, terms and conditions are confidential between the parties.

About Pražská plynárenská

Pražská plynárenská is a key domestic energy supplier in the Czech Republic whose priority is to provide customers with reliable and value-adding products and services.

Its competitiveness is based on the strong backing through the ownership the Capital City of Prague. Its subsidiary Pražská plynárenská Distribuce is the operator of the gas distribution system in Prague and its surrounding area, covering almost 4,500 kilometres of gas pipelines.

Another subsidiary, Prometheus, is a rapidly growing supplier of heat and related comprehensive services and is a partner of the Capital City of Prague in implementing its Climate Plan.

About Equinor

Equinor is an international energy company committed to long-term value creation in a low-carbon future.
Our purpose is to turn natural resources into energy for people and progress for society. Equinor’s portfolio of projects encompasses oil and gas, renewables and low-carbon solutions, with an ambition of becoming a net-zero energy company by 2050. Headquartered in Stavanger (Norway), Equinor is the leading operator on the Norwegian continental shelf. We are present in around 30 countries worldwide.