September 16, 2026 [Oil Price]- Equinor aims to expand its LNG portfolio to 10-15 million tons annually by the early 2030s, targeting European and Asian markets affected by the blockade of the Strait of Hormuz. This disruption, caused by the U.S.-Israeli conflict with Iran, has limited Qatari and UAE exports. Equinor has signed a 15-year supply agreement with India’s Deepak Fertilizers and is in talks with various Asian buyers. The company expects to double its LNG volumes to 7 million tons by 2030, utilizing supplies from the U.S., Canada, and South America, while also increasing oil production by 27% by 2030.

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