The agreement will be highly flexible in nature allowing LNG cargoes to be diverted to capture value in other markets while providing substantial base volumes and revenues to the Sempra Energy LNG terminal.
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BP LNG To Flood Mexican and US Markets
The agreement will be highly flexible...
International oil and gas BP and its partners in the Tangguh Liquefied Natural Gas Project signed a long term sales and purchase contract with US company Sempra Energy LNG to supply LNG from Indonesia to Mexican and the US markets.
Under the agreement, up to 3.7 million tonnes of LNG a year will be delivered from the BP-operated Tangguh LNG project in Indonesia over a period of 20 years beginning in 2008 to Sempra Energy's proposed LNG receiving terminal near Ensenada in Baja California, Mexico.
The agreement will be highly flexible in nature allowing LNG cargoes to be diverted to capture value in other markets while providing substantial base volumes and revenues to the Sempra Energy LNG terminal.
The agreement will be highly flexible in nature allowing LNG cargoes to be diverted to capture value in other markets while providing substantial base volumes and revenues to the Sempra Energy LNG terminal.
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