Statoil and Centrica extend gas sales agreement

Statoil and Centrica have come to an agreement to increase the volume of gas supplied to Centrica under an existing supply agreement.

Statoil signed a 10-year contract with Centrica in 2011 for the supply of 5 billion cubic metres of gas per annum to be delivered to the UK from October 2015.

The total volume to be supplied over the 10-year period will now be 73 bcm, as the new agreement will increase the volume of gas by a further 2.3 bcm per annum.

“We are very happy to have made this agreement with Centrica. The agreement confirms Statoil’s position as a reliable and competitive supplier of gas to the UK, which is a very important market to Statoil,” says Ann-Elisabeth Serck-Hanssen, acting Senior Vice President of marketing and trading in Statoil.


Adapted from press release by Joseph Green

Published on 13/05/2015


Get your FREE Oilfield Technology magazine »

Get your FREE trial of Hydrocarbon Engineering magazine »

Get your FREE trial of World Pipelines magazine »


 
 

Related articles

Statoil adds acreage in Gulf of Mexico Central Lease Sale

Statoil was the apparent high bidder on 14 leases in the Central Lease Sale.

Statoil adds acreage in the Gulf of Mexico Central Lease Sale

Statoil was the apparent high bidder on 14 leases in the Central Lease Sale.

Statoil completes 2014 Hoop exploration programme

Statoil has together with its partner Idemitsu Petroleum Norge made a small gas discovery in the Mercury prospect in PL614 in the Barents Sea.

Statoil and PTTEP complete agreement to divide Canadian oilsands interests

The two companies have agreed to divide their respective interests in the Kai Kos Dehseh (KKD) oil sands project in northeast Alberta, Canada.

Recommend magazines

  Oilfield Technology