Statoil, Sonatrach Sign LNG Extension Deal

Monday, March 03, 2008
StatoilHydro and Sonatrach agreed on to extend a liquefied natural gas (LNG) supply accord and allow Sonatrach access to one of Statoil' terminals abroad, Sonatrach said. The agreement gives Sonatrach the right to use Statoil's regasification capacity at the U.S. Cove Point import terminal to deliver two billion cubic metres per year of LNG to U.S customers for 15 years from 2009, a Sonatrach statement said.

The document signed in Algiers also includes an agreement for Sonatrach to sell an additional one billion cubic metres of LNG per year between 2009 and 2014. That volume will be transported to the same terminal, the statement carried by the official news agency APS said. The sale deal is an extension of a contract signed between the two sides in 2003, APS said. source: AP

Maritime Reporter January 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

LNG

Tohoku Electric's LNG Buy Sets Asian Spot Level

Japanese utility Tohoku Electric has purchased an LNG cargo for delivery in the third week of March at a price in the low $7 per million British thermal unit (mmBtu) range,

Yemen Lifts Force Majeure on LNG Deliveries

Yemen on Friday lifted force majeure on liquefied natural gas (LNG) deliveries from its Balhaf plant, trading sources with knowledge of the matter said. Reuters reported last week that the 6.

Gazprom, OMV Ink Additional Deal

Vienna hosted today the signing of an Addendum to the existing contract for gas supply to Austria between Alexander Medvedev, Deputy Chairman of the Gazprom Management Committee and Gerhard Roiss,

 
 
Maritime Contracts Maritime Security Maritime Standards Offshore Oil Port Authority Salvage Ship Electronics Ship Repair Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1297 sec (8 req/sec)