Equinor raises Snøhvit Future cost estimate to NOK 26.5 billion

• Equinor lifted the Snøhvit Future cost estimate to NOK 26.5 billion in 2026 value.
• Schedule held unchanged, with onshore compression start planned for 2029.
• Electrification of Hammerfest LNG still targeted for 2030.
• Higher costs reflect added complexity at an operating plant, operational disruptions, harsh weather, challenging rock conditions in the power-cable tunnel.
• Project completion estimated at about 60%; electrification expected to cut annual CO₂ emissions by 850,000 tonnes.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Equinor ASA published the original content used to generate this news brief on October 07, 2026, and is solely responsible for the information contained therein.