{"version":"1","article":{"id":"equinor-snohvit-future-cost-estimate-october-2026","slug":"equinor-snohvit-future-cost-estimate-october-2026","language":"en","url":"https://haberpaper.com/en/news/equinor-snohvit-future-cost-estimate-october-2026","api_url":"https://haberpaper.com/api/v1/articles/equinor-snohvit-future-cost-estimate-october-2026?lang=en","title":"Equinor revises Snøhvit Future cost estimate to NOK 26.5 billion","summary":"Equinor reported a revised NOK 26.5 billion cost estimate for Snøhvit Future in 2026 value on 7 October. Its schedule remains unchanged, with onshore compression planned for 2029 and electrification for 2030.","category":"energy","region":"world","topics":[],"published_at":"2026-10-10T15:42:15+03:00","modified_at":"2026-10-10T15:42:15+03:00","publication_basis":"publication-record","event_period":"2026-10-07","event_period_basis":"event-or-reference-period","sources":[{"name":"Equinor — Updated cost estimate for the Snøhvit Future project","url":"https://www.equinor.com/news/20261007-updated-cost-estimate-snohvit-future","publishedAt":"2026-10-07","checkedAt":"2026-10-10"}],"translations":[{"language":"tr","url":"https://haberpaper.com/tr/news/equinor-snohvit-future-cost-estimate-october-2026","api_url":"https://haberpaper.com/api/v1/articles/equinor-snohvit-future-cost-estimate-october-2026?lang=tr"},{"language":"en","url":"https://haberpaper.com/en/news/equinor-snohvit-future-cost-estimate-october-2026","api_url":"https://haberpaper.com/api/v1/articles/equinor-snohvit-future-cost-estimate-october-2026?lang=en"},{"language":"ar","url":"https://haberpaper.com/ar/news/equinor-snohvit-future-cost-estimate-october-2026","api_url":"https://haberpaper.com/api/v1/articles/equinor-snohvit-future-cost-estimate-october-2026?lang=ar"},{"language":"fr","url":"https://haberpaper.com/fr/news/equinor-snohvit-future-cost-estimate-october-2026","api_url":"https://haberpaper.com/api/v1/articles/equinor-snohvit-future-cost-estimate-october-2026?lang=fr"},{"language":"es","url":"https://haberpaper.com/es/news/equinor-snohvit-future-cost-estimate-october-2026","api_url":"https://haberpaper.com/api/v1/articles/equinor-snohvit-future-cost-estimate-october-2026?lang=es"}],"data_types":["metrics"],"data":{"version":1,"blocks":[{"id":"equinor-snohvit-future-cost-estimate-october-2026","type":"metrics","title":{"tr":"Equinor, Snøhvit Future maliyet tahminini 26,5 milyar NOK’a çıkardı","en":"Equinor revises Snøhvit Future cost estimate to NOK 26.5 billion","ar":"إكوينور ترفع تقدير تكلفة مشروع سنوهيت فيوتشر إلى 26.5 مليار كرونة","fr":"Equinor revoit le coût estimé de Snøhvit Future à 26,5 milliards de couronnes","es":"Equinor revisa el coste estimado de Snøhvit Future a 26.500 millones de coronas"},"description":{"tr":"Equinor, Snøhvit Future için 2026 değeriyle 26,5 milyar NOK maliyet tahmini açıkladı. Takvim değişmedi: kara kompresyonu 2029, elektrifikasyon 2030 için planlanıyor.","en":"Equinor reported a revised NOK 26.5 billion cost estimate for Snøhvit Future in 2026 value on 7 October. Its schedule remains unchanged, with onshore compression planned for 2029 and electrification for 2030.","ar":"أعلنت إكوينور في 7 أكتوبر تقديراً محدثاً بتكلفة 26.5 مليار كرونة نرويجية بقيمة 2026 لمشروع سنوهيت فيوتشر. وقالت إن الجدول لم يتغير، مع ضغط الغاز برياً في 2029 وكهربة المنشأة في 2030.","fr":"Equinor a annoncé le 7 octobre un coût actualisé de 26,5 milliards de NOK en valeur 2026 pour Snøhvit Future. Le calendrier reste inchangé : compression à terre prévue en 2029 et électrification en 2030.","es":"Equinor comunicó el 7 de octubre un coste estimado actualizado de 26.500 millones de NOK en valor de 2026 para Snøhvit Future. El calendario no cambia: compresión en tierra en 2029 y electrificación en 2030."},"methodology":{"tr":"Equinor duyurusundaki maliyet tahmini ile gelecekteki emisyon hedefi; NOK tutarı 2026 değeridir.","en":"Equinor’s cost estimate and future emissions target; NOK amount is in 2026 value.","ar":"تقدير التكلفة وهدف الانبعاثات المستقبلي وفق بيان إكوينور؛ والقيمة بالكرونة لعام 2026.","fr":"Estimation de coût et objectif futur d’émissions selon Equinor ; montant en valeur 2026.","es":"Estimación de coste y objetivo futuro de emisiones según Equinor; importe en valor de 2026."},"sourceUrls":["https://www.equinor.com/news/20261007-updated-cost-estimate-snohvit-future"],"updatedAt":"2026-10-10T12:05:31Z","items":[{"label":{"tr":"2026 değeriyle revize edilen maliyet tahmini","en":"Revised cost estimate in 2026 value","ar":"تقدير التكلفة المعدل بقيمة 2026","fr":"Coût estimé révisé en valeur 2026","es":"Coste estimado revisado en valor de 2026"},"value":26.5,"unit":"NOK billion","period":"2026-10-07","basis":"estimate","measure":{"id":"snohvit-cost-estimate-2026","unitCode":"billion-nok","geography":"norway","frequency":"irregular","aggregation":"unspecified","periodRole":"announcement-date"}},{"label":{"tr":"Yıllık CO₂ azaltım hedefi","en":"Annual CO₂ reduction target","ar":"هدف خفض انبعاثات CO₂ السنوي","fr":"Objectif annuel de réduction du CO₂","es":"Objetivo anual de reducción de CO₂"},"value":850000,"unit":"tonnes/year","period":"2030","basis":"target","measure":{"id":"snohvit-co2-reduction-target","unitCode":"tonnes-per-year","geography":"norway","frequency":"annual","aggregation":"rate","periodRole":"reference-period"}}]}]},"data_compilations":[{"id":"equinor-snohvit-future-cost-estimate-october-2026","creator":{"@type":"Organization","@id":"https://haberpaper.com/#organization","name":"Haber Paper","url":"https://haberpaper.com/"},"license":{"@type":"CreativeWork","@id":"https://haberpaper.com/en/data-terms/v1#license","name":"Haber Paper Original Data Compilation License 1.0","url":"https://haberpaper.com/en/data-terms/v1"},"rights_scope":"Haber Paper original data arrangement, labels and methodology notes only; underlying source rights and permissions remain separate.","source_license_url":null}],"data_downloads":[{"id":"equinor-snohvit-future-cost-estimate-october-2026","formats":{"json":"https://haberpaper.com/api/v1/articles/equinor-snohvit-future-cost-estimate-october-2026/data/equinor-snohvit-future-cost-estimate-october-2026?lang=en&format=json","csv":"https://haberpaper.com/api/v1/articles/equinor-snohvit-future-cost-estimate-october-2026/data/equinor-snohvit-future-cost-estimate-october-2026?lang=en&format=csv"}}],"content":{"paragraphs":["Equinor said on 7 October that the estimated cost of Snøhvit Future had risen to NOK 26.5 billion in 2026 value. This is an updated project estimate, not a final observed outturn. The company reported the revised figures to Norway’s Ministry of Energy as part of the preparation of the 2027 national budget. The announced schedule remains unchanged: onshore compression is planned to start in 2029, with electrification in 2030.","The benchmark has shifted across earlier updates. In December 2025, Equinor reported an estimate slightly above NOK 20 billion in 2025 value. The development plan submitted in 2022 carried an estimate of NOK 13.2 billion at the time, which Equinor says corresponds to NOK 15.2 billion in today’s currency value. The figures cannot be compared without accounting for the price-year basis and subsequent revisions to scope or design. The latest number is a project estimate, not an inflation measure by itself.","Equinor linked the revision to work at an operating facility that has proved more complex than expected, along with operational challenges at Hammerfest LNG, weather conditions and difficult rock conditions in the power-cable tunnel. The project combines onshore compression and electrification of the Melkøya LNG plant; the two elements serve different purposes. The company’s release cites several technical and construction issues, so the increase should not be assigned to a single cause.","Onshore compression is intended to help maintain plateau production at Hammerfest LNG as reservoir pressure declines. Electrification is expected by Equinor to cut annual carbon-dioxide emissions by 850,000 tonnes, equivalent to 2% of Norway’s annual emissions. That is a project objective for future operations, not a measured reduction already achieved. The reported start dates remain 2029 for compression and 2030 for electrification.","Equinor put the project at about 60% complete and said the compressor module was installed in August 2026. It expects more than 70% of value creation during the development phase to go to Norwegian companies, with more than one-third of that share going to Northern Norway. These are estimates of project activity, not a final economic accounting. Snøhvit Future is a partnership led by Equinor with Petoro, TotalEnergies, Vår Energi and Harbour Energy."],"key_points":[],"sections":[]},"text":"Equinor reported a revised NOK 26.5 billion cost estimate for Snøhvit Future in 2026 value on 7 October. Its schedule remains unchanged, with onshore compression planned for 2029 and electrification for 2030.\n\nEquinor said on 7 October that the estimated cost of Snøhvit Future had risen to NOK 26.5 billion in 2026 value. This is an updated project estimate, not a final observed outturn. The company reported the revised figures to Norway’s Ministry of Energy as part of the preparation of the 2027 national budget. The announced schedule remains unchanged: onshore compression is planned to start in 2029, with electrification in 2030.\n\nThe benchmark has shifted across earlier updates. In December 2025, Equinor reported an estimate slightly above NOK 20 billion in 2025 value. The development plan submitted in 2022 carried an estimate of NOK 13.2 billion at the time, which Equinor says corresponds to NOK 15.2 billion in today’s currency value. The figures cannot be compared without accounting for the price-year basis and subsequent revisions to scope or design. The latest number is a project estimate, not an inflation measure by itself.\n\nEquinor linked the revision to work at an operating facility that has proved more complex than expected, along with operational challenges at Hammerfest LNG, weather conditions and difficult rock conditions in the power-cable tunnel. The project combines onshore compression and electrification of the Melkøya LNG plant; the two elements serve different purposes. The company’s release cites several technical and construction issues, so the increase should not be assigned to a single cause.\n\nOnshore compression is intended to help maintain plateau production at Hammerfest LNG as reservoir pressure declines. Electrification is expected by Equinor to cut annual carbon-dioxide emissions by 850,000 tonnes, equivalent to 2% of Norway’s annual emissions. That is a project objective for future operations, not a measured reduction already achieved. The reported start dates remain 2029 for compression and 2030 for electrification.\n\nEquinor put the project at about 60% complete and said the compressor module was installed in August 2026. It expects more than 70% of value creation during the development phase to go to Norwegian companies, with more than one-third of that share going to Northern Norway. These are estimates of project activity, not a final economic accounting. Snøhvit Future is a partnership led by Equinor with Petoro, TotalEnergies, Vår Energi and Harbour Energy.","corrections":[],"editorial_illustration":{"kind":"symbolic-editorial-illustration","documentary":false,"scope":"section","asset_id":"energy","url":"https://haberpaper.com/assets/illustrations/energy-1536.webp","width":1536,"height":1024,"alt":"Symbolic energy landscape with solar panels, wind turbines and transmission lines.","language":"en"},"section_illustration":{"kind":"symbolic-editorial-illustration","documentary":false,"scope":"section","asset_id":"energy","url":"https://haberpaper.com/assets/illustrations/energy-1536.webp","width":1536,"height":1024,"alt":"Symbolic energy landscape with solar panels, wind turbines and transmission lines.","language":"en"}}}