SEFE Secures Long-Term Gas Supply Deal with ConocoPhillips for Up to 9 Bcm
10/23/2024
(Reuters) — German nationalized energy firm SEFE on Wednesday said it signed a long-term agreement with ConocoPhillips to purchase up to 9 billion cubic meters (Bcm) of natural gas over the next decade.
Initial deliveries under the deal have already started, with gas supplied through various European trading hubs.
ConocoPhillips, which sources gas from Norwegian production and LNG imports, will contribute to SEFE's annual demand of around 20 Bcm, the company added.
"This partnership is a significant milestone in our ambitious path towards a diversified gas portfolio," said Chief Commercial Officer Frederic Barnaud in a statement.
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Pipeline Project Spotlight
Owner:
East African Crude Oil Pipeline Company
Project:
East African Crude Oil Pipeline (EACOP)
Type:
TotalEnergies in discussions with a Chinese company after Russian supplier Chelpipe was hit by sanctions.
Length:
902 miles (1,443 km)
Capacity:
200,000 b/d
Start:
2022
Completion:
2025
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