Equinor ASA has cautioned that a severe winter could result in heightened competition for gas supplies between Asian and European consumers due to tight market conditions.

CEO Anders Opedal emphasized that the extent of this competition will depend largely on weather conditions, suggesting that even slight fluctuations in the market could have a significant impact on prices.

Opedal stated that while he does not expect the extreme volatility witnessed in 2022, the current supply-demand dynamics are delicate.

This situation highlights the crucial nature of gas supplies as both regions brace for potential challenges in meeting their energy requirements this winter.