JOURNAL ARTICLE

ConocoPhillips Secures 18-Year Belgium LNG Deal in European Push.

  • Published In: Bloomberg.com, 2024. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Liao, Ruth; Shiryaevskaya, Anna 3 of 3

Abstract

ConocoPhillips has secured an 18-year deal to access Belgium's liquefied natural gas (LNG) import terminal, allowing the company to expand into the European market. Under the agreement, ConocoPhillips will have access to three-quarters of a million tons of import capacity per year at Fluxys Belgium SA's terminal in Zeebrugge starting in April 2027. This deal will provide ConocoPhillips with entry into the Belgian gas market and its trading hub, as well as connections to neighboring countries such as France, Germany, and the Netherlands. The company has been expanding its LNG operations in North America and sees Europe as a lucrative market due to the continent's diversification of supply sources. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2024/07, pN.PAG
  • Document Type:Article
  • Subject Area:Science
  • Publication Date:2024
  • Accession Number:178593487
  • Copyright Statement:Copyright of Bloomberg.com is the property of Bloomberg, L.P. and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Looking to go deeper into this topic? Look for more articles on EBSCOhost.