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Equinor and Danske Commodities fined €12m for gas market manipulation

Pime Minister Keir Starmer (L) and Norwegian Prime Minister Jonas Gahr Støre (2nd R) are shown the workings of the Northern Lights Carbon Capture and Storage facility by Tim Heijn (R), Executive director of Northern Lights and Anders Opedal (2nd L), CEO of Equinor, on December 16, 2024 in Bergen, Norway.
Equinor CEO Anders Opedal (second left) shows a delegation including UK PM Keir Starmer (left) around a storage facility in Norway. Photo: Leon Neal/Getty Images

Jean Hurley

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The firms were sanctioned for breach of European regulation on wholesale energy market integrity and transparency – REMIT.


On January 20, 2025, the Dispute Settlement and Sanctions Committee (CoRDiS) of the French energy regulatory authority (CRE) imposed a €4m ($4.2m) fine on Equinor ASA and an €8m ($8.4m) fine on its trading arm Danske Commodities A/S for manipulating annual capacity auctions at the virtual interconnection point between France and

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