Gazprom Marketing & Trading in new LNG agreement


Gazprom Marketing & Trading Singapore (GM&TS) has signed a four-year LNG Sale and Purchase Agreement with Pacific Rubiales Energy Corp.

GM&TS will be the off-taker for approximately 0.5 million tonnes per annum of LNG from an offshore LNG terminal located in Tolu, on the Caribbean coast of Colombia.

The deal follows a 2013 announcement of a Heads of Agreement between the two companies.

Pacific Rubiales, a Canadian company and producer of natural gas and crude oil, owns 100% of Meta Petroleum Corp., which operates the Rubiales, Piriri and Quifa heavy oil fields in the Llanos Basin, and 100% of Pacific Stratus Energy Colombia Corp., which operates the La Creciente natural gas field in the northwestern area of Colombia.

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