ConocoPhillips signs 15-year LNG deal at Gate terminal in Netherlands
(Reuters) - ConocoPhillips said it has signed a 15-year LNG throughput deal in the Netherlands, starting in 2031, to secure additional regasification capacity in Europe.
The deal signed with Gate Terminal B.V., a natural gas hub at the Port of Rotterdam, expands ConocoPhillips global LNG presence. It follows similar LNG agreements secured since 2022 in Germany, Mexico and Qatar.
The oil producer's agreement with Gate LNG terminal is sized at 1.5 million tons per annum of natural gas. The joint venture between Vopak and Gasunie supplies natural gas to the Netherlands and northwest Europe.
"Expanding our LNG footprint with agreements like this further enhances a balanced, diversified, and attractive portfolio as we progress our global LNG strategy," said Bill Bullock, chief financial officer of ConocoPhillips.
In August, ConocoPhillips signed 20-year deal to receive a collective 2.2 million tons of LNG a year from Mexico Pacific's Saguaro export facility on the west coast of Mexico.
The oil producer also has positions in Qatar and Australia and offtake and equity in Sempra’s recently sanctioned Port Arthur LNG Phase 1 project on the U.S. Gulf Coast. Last year, it also signed a regasification agreement with the German LNG Terminal.
Related News
Related News
![](/media/1042/gpenews_300x140.jpg)
- Power Knot LLC receives continued orders from ExxonMobil PNG for food waste digester consumables, spare parts
- Australia's Woodside Energy to buy US LNG developer Tellurian for $1.2 billion
- WhiteWater's ADCC Pipeline in South Texas begins transporting natural gas
- Gasum powers Equinor's platform supply vessel with bio-LNG
- Oman plans third LNG train, boosting domestic production to more than 15 MMtpy
- ONEOK to acquire Medallion and controlling interest in EnLink for $5.9 B
- Desert Mountain Energy Corp. initiates helium production
- WhiteWater's ADCC Pipeline in South Texas begins transporting natural gas
- Oman plans third LNG train, boosting domestic production to more than 15 MMtpy
- Brazil's fossil push undermines Lula's green ambitions
Comments