The PSA covers supply of up to 1 million tonnes of LNG per year for each of the 10 years of the deal. BP will provide OMV with the LNG, which will be received and re-gasified through the Gate LNG terminal in Rotterdam, The Netherlands. The LNG could also be received at other terminals in Europe.
“It is one of OMV’s key priorities to drive forward our ongoing diversification of supply sources that encompasses gas from our own production and external sources from Norway, as well as additional LNG volumes,” Alfred Stern said, chairman of the executive board and CEO of OMV AG. “In tandem with the recent news regarding our additional gas transport capacities until 2028, our agreement with BP reflects our significant contribution to the security of supply to our customers in Austria and Europe.”
2023-10-24 - Chevron’s $53 billion all-stock deal for Hess Corp. will see the California oil giant team up with its Texas counterpart Exxon Mobil to create an American “dream team” in Guyana’s offshore Stabroek Block where production has been rising exponentially each year.
2023-09-29 - Exxon and Hess' exit comes as the producers focus on their larger and highly productive Stabroek block, where more than 11 Bbbl of oil and gas have been discovered so far
2023-11-14 - Exxon Mobil is eyeing gross production of 620,000 bbl/d offshore Guyana in the Stabroek Block in the first half of 2024 with the start-up of its third project Payara, which has a production capacity of 220,000 bbl/d.
2023-10-26 - Hess Corp.’s combined oil, gas and NGL production from onshore Bakken in this year’s third quarter is close to reaching its peak of 200,000 boe/d.
2023-10-31 - Chevron’s recent $53 billion all-stock deal to acquire Hess Corp. will boost the company’s portfolio in Latin America, a former Chevron executive told Hart Energy.