LNG

July 28 (LNGJ) - UK major BP and Austrian energy company OMV have signed a long-term sale and purchase agreement covering supply of up to 1 million tonnes of liquefied natural gas per annum to the land-locked Austrians for 10 years from 2026.

   “Under the terms of the agreement, BP will provide OMV with LNG from its diverse and global portfolio of LNG, which will be received and regasified through the Gate LNG terminal in Rotterdam in the Netherlands, where OMV holds regasification capacity, or other terminals in Europe,” BP said.

Nov 22 (LNGJ) - OMV AG of Austria, the energy and utility company, plans to cooperate on LNG with Gazprom after the Russian natural gas giant increased deliveries of pipeline gas to the Austrians for a fifth straight year. For the period from January 1 to November 21, 2019, Gazprom delivered 12.7 billion cubic metres to Austria, which was 2.8 percent more than in all of 2018 when deliveries came to 12.3Bcm.

OMV is one of the five European corporate investors in the Nord Steam II project, the second Baltic pipeline from Russian to Germany and then onwards to other European Union nations carrying 55 Bcm of pipeline gas per annum. The latest Austrian gas delivery details emerged at a meeting in St Petersburg between Alexey Miller, Chairman of Gazprom, and OMV Chief Executive Rainer Seele.

“Special attention was paid to the implementation of the Nord Stream II project,” said a Gazprom statement on the talks. “Furthermore, potential cooperation in the LNG segment under the Memorandum of Understanding first signed in June 2019, was also discussed at the meeting,” it added. OMV along with France’s Engie, Royal Dutch Shell and Germany’s Uniper and Wintershall signed an agreement with Gazprom to provide financing for 50 percent of the total 9.5 billion euros ($10.5Bln) cost of Nord Steam II.

Austrian oil and gas company OMV has entered the LNG market by securing a preliminary multi-year sales agreement with the trading subsidiary of Cheniere Energy, owner of the Sabine Pass export plant in Louisiana and of a second project being developed at the port of Corpus Christi in Texas.