More gas to Hammerfest LNG: Askeladd on stream

Phase 1 of Askeladd will bring 18 billion cubic metres of gas and two million cubic metres of condensate to the market via the Hammerfest LNG plant on Melkøya.
Askeladd is a satellite field of the Snøhvit Field and developed as a subsea tie-in to the Snøhvit facility and Hammerfest LNG.

"Askeladd is now producing, the gas will help extend plateau production from Hammerfest LNG on Melkøya up tothree years," says Thor Johan Haave, Equinor’s vice president operations & maintenance, Hammerfest LNG.
During normal production, Hammerfest LNG (HLNG) delivers 18.4 million standard cubic metres of gas per day, or 6.5 billion cubic metres per year. This corresponds to the needs of around 6.5 million European households, or 5% of all Norwegian gas exports.
"HLNG delivers significant volumes to customers in Europe, and the gas from the Barents Sea reinforces our position as a predictable and reliable gas supplier. Askeladd and other projects in the region will ensure further value creation and production from HLNG for decades,” Haave adds.

The project was originally completed in 2020, but start-up had to wait until the Melkøya plant resumed operations after the fire the same year. The development was delivered on schedule and NOK 650 million below the cost estimate of NOK 5.2 billion.
"Just over 1.5 million person-hours of work have gone into the project, most of them performed by our suppliers. During the project period, Askeladd generated 250–300 person-years of work in Northern Norway, mainly in Hammerfest. In addition, many employees and suppliers have helped restart Hammerfest LNG, which makes it possible to phase in both Askeladd and future projects," says Trond Bokn, Equinor's senior vice president for project development.
Askeladd is the first of several projects in the further development of the Snøhvit field and the infrastructure around HLNG. Next up is Askeladd West with two new wells tied back to existing infrastructure, before further development continues with onshore compression and electrification through the Snøhvit Future project.

Latest news
Equinor sells the Peregrino field for USD 3.5 billion
Equinor Brasil Energia Ltda., a subsidiary of Equinor ASA, has entered into agreements(1) with Brazilian company Prio Tigris Ltda., a subsidiary of PRIO SA (PRIO3.SA) for a sale of its 60% operated interest in the Peregrino field in Brazil.
Equinor first quarter 2025 results
Equinor delivered adjusted operating income* of USD 8.65 billion and USD 2.25 billion after tax in the first quarter of 2025. Equinor reported net operating income of USD 8.87 billion and net income at USD 2.63 billion. Adjusted net income* was USD 1.79 billion, leading to adjusted earnings per share* of USD 0.66.
Equinor to commence second tranche of the 2025 share buy-back programme
Equinor (OSE: EQNR, NYSE: EQNR) will after the annual general meeting 14 May 2025 commence the second tranche of up to USD 1,265 million of the share buy-back programme for 2025, as announced in relation with the first quarter results 30 April 2025.