01 May 2025
01 May 2025
This deal, set to commence in July 2025, will involve the supply of up to 285mbbl of condensate over its term.
As the government’s consultation on the North Sea transition closes, hydrogen is being promoted as a key element of the UK’s energy future.
The turnaround is attributed to improved gas business and an increase in interest income from financial investments.
The contract, which is set to commence in the latter half of this year, will see LNG prices tied to the US Henry Hub benchmark.
OQ Trading will source LNG from Amigo LNG's export terminal in Guaymas, Sonora, Mexico, with deliveries expected to start in Q2 2028.
The concession agreements were signed in Budapest by MOL Group chairman and CEO Zsolt Hernádi and Turkish Petroleum chairman and CEO Ahmet Türkoğlu.
The company plans to construct a 70-mile, 24in high-pressure pipeline loop and a cryogenic processing plant with 200mcf/d of capacity.
The contract is awarded under a newly established global framework agreement between bp and SIA partners SLB OneSubsea and Subsea7.
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