Equinor ASA Surges 3.85% on Two-Day Rally as Tanzania LNG Project Gains Momentum

Equinor ASA’s share price climbed to its highest level so far this month, surging 0.78% intraday on Jan. 27. The stock has risen for two consecutive sessions, with a cumulative gain of 3.85% over the past two days, signaling renewed investor optimism amid strategic developments in its energy projects.

The rally follows progress on Equinor’s $42 billion liquefied natural gas (LNG) project in Tanzania, a flagship initiative that has been a focal point for the company’s long-term growth. The Tanzanian government confirmed in January that the project is on track for finalization by June 2026, with production slated to begin in 2034. As a joint operator alongside Shell, Equinor’s involvement underscores its technical and financial leadership in the venture. The project, which taps into 47.13 trillion cubic feet of natural gas reserves, is expected to bolster Equinor’s revenue stream in the 2030s and reinforce its position in emerging LNG markets.

The project’s alignment with global energy transition trends and its potential to establish East Africa as an LNG export hub to Asia further enhance its strategic value. Equinor’s collaboration with industry giants like Exxon Mobil and Medco Energi mitigates operational risks while diversifying its supply chain. Additionally, the Tanzanian government’s regulatory clarity and commitment to the project’s timeline have reduced uncertainty, a critical factor for sustaining investor confidence. As the project advances, Equinor’s ability to execute large-scale energy infrastructure will remain pivotal in shaping its stock’s trajectory amid evolving market dynamics.