ConocoPhillips Secures 18-Year Belgium LNG Deal in European Push [BNN Bloomberg (Canada)]
ConocoPhillips (COP)
Last conocophillips earnings: 4/30 07:00 am
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Source: BNN Bloomberg
The deal means ConocoPhillips will take three-quarters of a million tons a year of import capacity at Fluxys Belgium SA's terminal in Zeebrugge from April 2027. That will give the company a pathway into the Belgian gas market and its trading hub, as well as connectivity to markets in neighboring countries such as France, Germany and the Netherlands, ConocoPhillips said in an emailed response to questions. “This is a market we know really well as we're already marketing our Norwegian gas production into Europe,” spokesman Dennis Nuss said. ConocoPhillips has in recent years been expanding in LNG in North America, taking a stake in Sempra Infrastructure LLC's Port Arthur LNG export project in Texas and lining up LNG supply deals. Europe in particular has been a lucrative market for LNG suppliers as the continent is diversifying its supply sources following the loss of most Russian pipeline gas. ConocoPhillips previously agreed to take long-term capacity at the Gate LNG import t
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COP
Earnings
- 8/1/24 - Miss
COP
Sec Filings
- 9/4/24 - Form 4
- 9/4/24 - Form 3
- 9/4/24 - Form 4
- COP's page on the SEC website