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.
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