ConocoPhillips, EDF Trading pen gas supply deal

US energy giant ConocoPhillips and EDF Trading, a unit of French state-controlled energy group EDF, signed a long-term natural gas supply deal.

ConocoPhillips said the agreement is for ten years.

“In addition to the agreements recently announced with Uniper and SEFE, this deal will support our increasing gas flows into Europe and cement a long-term relationship with another trusted partner,” ConocoPhillips said in a social media post.

ConocoPhillips did not provide further details regarding the agreement.

LNG Prime invited EDF Trading to comment on the supply deal and whether it includes both pipeline gas and LNG supplies.

EDF Trading has about one-third of Jera Global Markets, a joint venture with Japan’s Jera which has a large LNG portfolio.

ConocoPhillips has a large and growing European supply portfolio, including Norwegian natural gas production and LNG imports.

The firm recently signed a long-term natural gas supply deal with German gas importer Securing Energy for Europe (SEFE).

Under this deal, ConocoPhillips will deliver up to nine billion cubic meters of natural gas over the next ten years from its European portfolio to SEFE at various trading hubs across Europe.

Prior to this agreement, ConocoPhillips and German state-owned energy firm Uniper signed a long-term natural gas supply deal.

The two firms have extended their long-term gas partnership for the supply of up to 10 billion cubic meters of natural gas over the next 10 years.

Uniper said the deal includes pipeline gas supplies and LNG.

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