The flexible agreement will involve BP receiving up to 12 cargoes of LNG by ship in Europe to underpin existing supplies. Co-operation between the two parties will ensure additional opportunities to add value through diverting to other markets. Oman LNG will provide shipping for the duration of the agreement.
Speaking at the World Gas Conference in Tokyo, Ralph Alexander, BP's Chief Executive, Gas, Power & Renewables said :
"We are delighted to enter into this agreement with Oman LNG. It will enable us to continue to develop our downstream market positions in countries such as Spain where we are the leading new market entrant - and to offer our global customer base a portfolio of flexible supply sources to meet their needs."
Signing the agreement on behalf of Oman LNG, Chairman, His Excellency Nasser Al Jashmi said, "We are extremely pleased about this deal with BP and hope that this is the start of a long lasting relationship between our two companies"
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BP and Oman LNG sign MoU for the delivery of up to 4 million tonnes of LNG
- Oman: Thursday, June 05 - 2003 at 09:09
- PRESS RELEASE
Oman LNG and BP Gas Marketing announced that they have reached agreement to supply up to 4 million tonnes of Liquefied Natural Gas (LNG) over a six-year period beginning in 2004 to BP to deepen BP's gas marketing activities in Spain.
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Oman LNG has existing long term contracts with Kogas of Korea and Osaka Gas Japan. Current capacity of the two train plant is 6.8 Mt/a. A third train ( Qalhat LNG ) sponsored by the Government of Oman is under construction at Qalhat. Oman LNG shareholders are: The government of the Sultanate of Oman, Shell, Total, KOLNG, Partex, Mitsubishi, Mitsui and Itochu.With a portfolio of supplies, BP is one of the world's largest producers and marketers of gas and is the 2nd largest marketer of natural gas in Spain. This agreement will ensure BP's commitment to its customers longer term in the dynamic Spanish natural gas market
Contact :
Colum Doyle (BP at World Gas Conference) + 81 (0) 90 67 97 5763
Steven Lawrence, (BP Press Office Asia) +852 2586 8917
Nasser Al-Kindi ( OLNG, Head of Publications ) +968 707807
Haithan Al-Kharusi ( OLNG at World Gas Conference ) +8190 6336 0237
Posted by Anne-Birte Stensgaard, Senior News EditorThursday, June 05 - 2003 at 09:09 UAE local time (GMT+4)
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This article was updated on Mon Sep 15 2003.
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