Equinor receives permission to start latest Troll gas phase

OSLO, May 11 (Reuters) - ​Norway's petroleum ⁠safety regulator said ​on Monday it has given Equinor permission to ​start ‌gas production from the latest ⁠development at the company's offshore ⁠Troll field, ​the North Sea's largest source of natural gas.

The Troll Phase 3 stage ​2 ‌facilities were built to accelerate production of gas resources covered by the 2018 development plan for ​Troll's third phase, the Norwegian Ocean Industry ‌Authority said in a statement.

Equinor in 2024 said ‌it would invest 12 billion Norwegian crowns ($1.30 billion) in the project, which ​included eight new wells with a new gas ‌flowline to the Troll A platform.

At the time, Equinor estimated ⁠that at ⁠its peak the contribution ‌from the additional development would amount to around ​7 ​billion cubic metres (bcm) ‌annually.

Equinor did not immediately respond to a request for comment. ($1 = 9.2026 Norwegian crowns) (Reporting by Terje Solsvik)

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