Centrica Terminates Petronas LNG Supply Deal
Centrica agreed to terminate the 15 year liquefied natural gas (LNG) supply agreement between Petronas and Centrica with immediate effect due to certain conditions precedent in the contract not having been satisfied. Centrica and Petronas continue to seek ways in which the two companies can work closely together in the future.
The contract was signed in August 2004 for an average annual volume of 3 billion cubic metres (bcm), with lower volumes in the early years, with expected delivery through the Dragon LNG terminal at Milford Haven.
Operates 12 Offshore Rigs
- After Europe's Gas Market Disasters, LNG May Come to the Rescue (Dec 12)
- Petronas Unit Agrees Share Swap With Shell's Africa Operator (Dec 05)
- Malaysia's Petronas Asked To Exit Myanmar In Protest Of Rohingya Crisis (Nov 08)
Company: Centrica PLC more info
- Sharp Fall In Applications For Norway's Arctic Oil Permits (Dec 05)
- Drilling of Well at Fogelberg Gas Discovery to Start in Feb/March -Centrica (Sep 01)
- Centrica Merges Oil Business with Bayerngas to Tap Younger Fields (Jul 17)