Statoil, BP sign long-term Norwegian gas contract

Petroleum News Alaska

Statoil and BP have signed a long-term natural gas sales contract. BP said July 9 that the 15 year contract covers deliveries of 1.6 billion cubic meters of natural gas per year into the United Kingdom starting Oct. 1. The volume represents approximately 1.5 per cent of total current United Kingdom demand.

BP is one of the top three suppliers of gas to United Kingdom industrial and commercial consumers. The company is also the largest producer of gas from the United Kingdom North Sea producing on average 1.7 billion cubic feet of gas per day.