Slovak’s SPP Inks LNG Supply Deal with Exxon
(Reuters) — Slovakia's national gas importer SPP has signed an LNG supply deal with Exxon Mobil, SPP said on Thursday, as Europe races to secure alternatives to Russian gas.
SPP said the amount of gas in storage and its diversified supplies were grounds for optimism its customers would not face disruptions this winter, but added it was vital for the European market and cross-border connections to remain functional.
"A contract with a strategic partner that Exxon Mobil is opens new opportunities in access to natural gas and LNG," SPP said in a statement, without giving the volumes or price of the deal.
It said transport arrangements to the landlocked central European country had been secured from LNG terminals in Italy and Croatia.
Slovakia uses around 5 billion cubic meters of gas per year and has mostly been served by Russian gas pumped through Ukraine. Russia has reduced supplies to Europe this year in retaliation for Western sanctions over its invasion of Ukraine.
But Slovakia has secured extra supplies of LNG and piped gas from Norway, which it said would cover most of the needs of SPP, which serves around two thirds of the Slovak market.
Related News
Related News
- FERC Approves TC Energy's 1,377-Mile West Coast Pipeline Expansion
- Kinder Morgan to Buy NextEra’s 462-Mile Texas Pipeline System for $1.8 Billion
- Williams' Gas Pipeline in Idaho Ruptures, Company Challenges Explosion Allegations
- Biden Awards $7 Billion in Hydrogen Hub Money to 16 States
- Mountain Valley Pipeline Sues Protesters Hindering $7.2 Billion Construction Project
- UAE's ADNOC Awards $17 Billion of Contracts for Gas Project, Including Subsea Pipelines
- HVO: Fuel for the Future
- Analysis: Canada May Struggle to Recoup $26 Billion Cost of Trans Mountain Pipeline
- Biden Awards $7 Billion in Hydrogen Hub Money to 16 States
- TC Energy Names Ex-CEO as Chair of Oil Pipeline Business
Comments