BP announced a sale and purchase agreement with OMV covering supply of up to 1 million tons of liquefied natural gas (LNG) per year for 10 years from 2026.
BP will provide OMV with LNG from its diverse and global portfolio of LNG, which will be received and re-gasified through the Gate LNG terminal in Rotterdam, The Netherlands, where OMV holds regasification capacity, or other terminals in Europe.
“We see LNG as an essential part of the energy transition and essential for our own pivot to becoming an integrated energy company. We are pleased to conclude this LNG sale-and-purchase agreement with OMV, with whom we have a longstanding relationship,” Jonty Shepard, VP global LNG trading & origination, BP, said.
“In tandem with the news regarding our additional gas transport capacities until 2028, our agreement with bp reflects our significant contribution to the security of supply to our customers in Austria and Europe,” Alfred Stern, chairman of the executive board and CEO of OMV AG, said.