The Netherlands: bp and OMV sign a 10-year LNG supply agreement

British Partner LNG tanker

bp and OMV announced the signing in July of a long-term sale and purchase agreement (SPA) covering the supply of up to 1 million tonnes of liquefied natural gas (LNG) per year for 10 years from 2026.

Under the terms of the agreement, bp will provide OMV with LNG from its diverse and global portfolio of LNG, which will be received and re-gasified through the Gate LNG terminal in Rotterdam, The Netherlands, where OMV holds regasification capacity.

Jonathan Shepard, VP global LNG trading & origination at bp, said: “We are pleased to conclude this LNG sale-and-purchase agreement with OMV, with whom we have a longstanding relationship. Europe is a significant LNG market and this agreement with OMV further demonstrates our LNG supply capability in the region.”

OMV is amongst Austria’s largest listed industrial companies.

PHOTO: LNG tanker British Partner

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