ConocoPhillips has signed a commercial agreement to secure additional regasification capacity in Europe at the Gate LNG terminal in the Netherlands.
The signed 15-year agreement will see ConocoPhillips offtake around 1.5 million tonnes per annum from the LNG site, beginning September 2031.
A joint venture of Vopal and Gasunie, Gate Terminal is an LNG hub at the Port of Rotterdam that has supplied natural gas to the Netherlands and northwest Europe since 2011.
Bill Bullock, Executive Vice-President and Chief Financial Officer of ConocoPhillips, said that adding capacity at the Gate LNG terminal fits well with the company’s efforts to deliver reliable lower-carbon energy into Europe from a highly competitive LNG supply.
He added, “Expanding our LNG footprint with agreements like this further enhances a balanced, diversified, and attractive portfolio as we progress our global LNG strategy.”
In 2022 ConocoPhillips grew its LNG portfolio in several key areas. In Feburary 2022, the company purchased an additional 10% shareholding interest in APLNG from Origin Energy, expanding its total equity share to 47.5%.
The company also signed a sale and purchase agreement to acquire 30% of the equity in Phase 1 of the Port Arthur LNG project under development in Jefferson County, Texas.
The LNG deal was signed in conjunction with a 20-year sale and purchase agreement.
Read more: ConocoPhillips signs LNG purchase deal with Sempra
November 2022 saw ConocoPhillips sign agreements forming two joint ventures with QatarEnergy related to the North Field East (NFE) and the North Field South (NFS) LNG projects. As of December 2022, ConocoPhillips also has a 25% shareholding interest in the Qatar Liquified Gas Company.
Read more: QatarEnergy and ConocoPhillips to ship two mtpa of LNG to Germany
Most recently, ConocoPhillips have signed a 20-year liquified natural gas (LNG) sales and purchase agreement with Mexico Pacific. Under terms of the deal, Mexico Pacific will supply ConocoPhillips with around 2.2 million tonnes per annum in aggregate of LNG across trains one, two, and three of its Saguaro Energia LNG export facility.
Read more: Mexico Pacific signs 20-year LNG sales agreement with ConocoPhillips
Asia-Pacific Industrial Gases Conference 2023
Decarbonisation and how the Asia-Pacific region pragmatically delivers against its sustainability needs in the near-term will be in focus at gasworld’s Asia-Pacific Industrial Gases Conference 2023 in Kuala Lumpur, Malaysia this December.
Join gasworld for its show-stopper 2.5 day event at the Renaissance Hotel & Convention Centre in Kuala Lumpur, Malaysia under the theme of Delivering On the Promise of Growth.
Taking place from 5-7 December 2023, the conference will tackle China’s clean energy and industrial gas build-out, the hydrogen society in the APAC region, the practical means of delivering decarbonisation in emerging economies in the short-term, the economic climate in Asia-Pacific and the local industrial gas markets, electronics and specialty gases in Southeast Asia, and so much more besides.
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