ConocoPhillips to further diversify Global LNG Portfolio

ConocoPhillips announced today further progress on its global liquefied natural gas 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 company’s foundational LNG resource positions in Qatar and Australia, offtake and equity in Sempra’s 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 Pacific’s Saguaro LNG export facility on the west coast of Mexico announced last month.

“Adding capacity at the Gate LNG terminal fits well with our efforts to deliver reliable, lower-carbon energy into Europe from highly competitive LNG supply,” said Bill Bullock, executive vice president and chief financial officer of ConocoPhillips. “Expanding our LNG footprint with agreements like this further enhances a balanced, diversified, and attractive portfolio as we progress our global LNG strategy.”

Gate Terminal B.V., a joint venture of Vopak and Gasunie, is an LNG hub at the Port of Rotterdam that contributes to the natural gas supply in the Netherlands and northwest Europe. The terminal began operations in 2011. ConocoPhillips’ 15-year throughput agreement for approximately 1.5 million tonnes per annum (MTPA), or 2 BCM equivalent, begins in September 2031 and secures access to this important market for the company’s growing global LNG portfolio.

Sponsor:

News Category:

Company News

Other News Items

Maximizing Performance in Oil & Gas with Real-Time Analytics

(Webinar) - In an industry shaped by fluctuating market conditions and tight operational margins, oil & gas producers are increasingly relying on data-driven strategies ...

11-06-2025
Unlocking the potential of waste for advanced conversion pathways

(Webinar) - This session offers a detailed exploration of HTW® gasification technology, a proven solution for converting diverse feedstocks into clean syngas, which ...

28-05-2025
Zeopore fulfilling first customer orders

Zeopore, a leading innovator in zeolite enhancement technologies for high catalytic performance, proudly announces that its recently commissioned semi-industrial production ...

08-05-2025
Messe Frankfurt and DECHEMA team up for new ACHEMA Middle East

DECHEMA, which organises the ACHEMA, the leading trade show for the global process industry, launches ACHEMA Middle East in Saudi Arabia together with Messe Frankfurt. ...

06-05-2025
ABS and Akselos complete technical assessment for structural digital twin technology

ABS, a global leader in providing classification services for marine and offshore assets, with Akselos S.A., a global leader in structural performance management software; ...

06-05-2025
Sunoco to acquire Parkland

Sunoco LP and Parkland Corporation announced today that they have entered into a definitive agreement whereby Sunoco will acquire all outstanding shares of Parkland in ...

05-05-2025
Mission-critical flow control solutions from Valmet provides next level reliability

Industry-giant Valmet boasts an impressive array of topbrand automated on-off valves, control valves and controllers that are renowned for delivering longterm reliability ...

03-05-2025
MAIRE announces major contract wins

MAIRE announces that its subsidiaries TECNIMONT and KT-Kinetics Technology, also thanks to the technological and engineering services provided by NEXTCHEM, have been ...

29-04-2025
Borouge to boost production capacity

Borouge Plc, a leading petrochemicals company that provides innovative and differentiated polyolefins solutions, has today announced a series of strategic asset expansion ...

28-04-2025
Wanhua Chemical signs JV agreement with Petrochemical Industries Company

On April 25, Wanhua Chemical formally signed a joint venture agreement with Petrochemical Industries Company. Under the terms of the agreement, PIC invested USD ...

27-04-2025