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ConocoPhillips secures long-term capacity at Belgium LNG terminal
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ConocoPhillips secures long-term capacity at Belgium LNG terminal
Jul 24, 2024 10:58 AM

July 24 (Reuters) - Oil and gas producer ConocoPhillips ( COP )

has signed an agreement to book capacity at the

Zeebrugge LNG terminal in Belgium for 18 years, it said in a

social media post on Tuesday, in a push to further its global

portfolio.

Under the terms of the deal, the company will be able to

import and regasify 0.75 million tonnes per annum of LNG for

delivery in Belgium and throughout Europe from April 2027.

The company has also signed a long-term LNG sales and

purchase agreement to supply the Asian market starting 2027.

"These agreements provide additional access to the European

and Asian natural gas markets," the company's spokesperson

Dennis Nuss wrote in an emailed response on Wednesday.

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