Uniper SE and Tourmaline Ink Eight-Year Natural Gas Supply Deal for European Market

Reuters
31 Jul
<a href="https://laohu8.com/S/UNPRD">Uniper SE</a> and Tourmaline Ink Eight-Year <a href="https://laohu8.com/S/NGS">Natural Gas</a> Supply Deal for European Market

German energy company Uniper has entered into a long-term natural gas supply agreement with Tourmaline Oil Corp., Canada's largest natural gas producer. The eight-year deal will commence in November 2028 and will supply 80,000 Metric Million British Thermal Units (MMBtu) per day, totaling an estimated 234 billion cubic feet (bcf) over the contract's lifetime. This agreement enhances Uniper's LNG supply sourcing portfolio, aligning with its European security of supply objectives. The gas will be delivered to the ANR SE trading hub in southeast Louisiana, USA, based on TTF pricing, providing Tourmaline with international price exposure. This follows Uniper's recent LNG sale-and-purchase agreement with Woodside Energy, further expanding its supply capacity in North America.

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