ConocoPhillips (COP) Announces Additional Long-Term Agreement for European Regas Capacity

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Go back to ConocoPhillips (COP) Announces Additional Long-Term Agreement for European Regas Capacity

ConocoPhillips to Further Diversify Global LNG Portfolio with Additional Long-Term Agreement for European Regas Capacity

September 14, 2023 4:15 PM EDT

HOUSTON--(BUSINESS WIRE)-- ConocoPhillips (NYSE: COP) announced today further progress on its global liquefied natural gas (LNG) strategy, signing a commercial agreement to secure additional regasification capacity in Europe at the Gate LNG terminal in the Netherlands. This agreement further complements the companys foundational LNG resource positions in Qatar and Australia, offtake and equity in Sempras recently sanctioned Port Arthur LNG Phase 1 project on the U.S. Gulf Coast, regasification agreement at the German LNG Terminal announced last year, and the offtake agreements at Mexico Pacifics Saguaro LNG export... More