ConocoPhillips announces new LNG agreements for Europe, Asia

US energy major ConocoPhillips announced on July 23 the signing of two new LNG agreements to supply markets in Europe and Asia.

Under the first agreement, ConocoPhillips has booked long-term capacity at Fluxys’ LNG import terminal in Zeebrugge, Belgium. This arrangement will enable ConocoPhillips to import and regasify 0.75mn tonnes/year of LNG, starting in April 2027, for delivery throughout Belgium and Europe, the company said in a statement published on LinkedIn.

In 2021, Fluxys decided to double the terminal's capacity to over 12mn tonnes/year. The expansion project is expected to be fully complete by 2026.

ConocoPhillips' second agreement involves a long-term LNG sales and purchase agreement to supply the Asian market, also set to begin in 2027. It did not disclose further details about this agreement.