According to a statement by Uniper, the two firms have extended their long-term gas partnership for the supply of up to 10 billion cubic meters of natural gas over the next 10 years.
Under the agreement, ConocoPhillips will “supply natural gas to Uniper in Northwest Europe while leveraging its existing piped gas and growing LNG positions,” Uniper said.
Uniper did not provide further information regarding the LNG supplies.
LNG Prime invited Uniper to comment on the matter.
ConocoPhillips and Uniper have had a decades-long energy partnership.
The extension of this relationship continues the cooperation between the partners that serves as a “cornerstone of the long-term, reliable energy supply security of Germany and Europe,” Uniper said.
Uniper supplies municipal utilities and industrial customers with a gas portfolio, which includes pipeline gas and LNG, LNG regasification bookings, and gas storage.
The firm recently decided to terminate its long-term Russian gas supply contracts, officially ending its long-term gas supply relationship with Russia’s state-owned Gazprom.
In 2022, Germany agreed to buy Fortum’s stake in gas and LNG importer, Uniper, to stabilize the firm and prevent an energy shortage.
Uniper and its partners developed Germany’s first FSRU-based LNG import facility in Wilhelmshaven.
German LNG terminal operator DET operates this facility, the Brunsbüttel terminal, and the upcoming Stade terminal, and the second Wilhelmshaven facility.
In 2022, Uniper also increased its capacity rights at the Dutch Gate LNG terminal in Rotterdam to take 1 bcm per year of capacity for a period of 3 years starting on October 1, 2024.
This deal built on a long-lasting relationship between the duo and complemented the announcement made in October 2021, when Uniper had booked 1 bcm of capacity as well.
Both of these bookings supplement Uniper’s existing capacity of 3 bcm per year, which it has held since the launch of the LNG import terminal in 2011.
Last year, ConocoPhillips also signed a deal to book long-term capacity at the Dutch Gate terminal.
The 15-year throughput agreement for about 1.5 mtpa, or 2 bcm equivalent, begins in September 2031.
Before this deal, ConocoPhillips booked 2.8 mtpa of capacity at the planned onshore LNG import terminal in Brunsbüttel, Germany.
Most recently, ConocoPhillips signed a deal in July to book long-term capacity at the Fluxys-operated Zeebrugge LNG import terminal in Belgium.
The capacity booking at the terminal in Zeebrugge will allow ConocoPhillips to import and regasify 0.75 mtpa of LNG for delivery in Belgium and throughout Europe starting in April 2027.
In addition to these capacity bookings, ConocoPhillips increased its stake in the Australia Pacific LNG export project in 2022 and purchased stakes in QatarEnergy’s giant North Field East (NFE) project and the North Field South (NFS) project.
On the Gulf Coast, ConocoPhillips secured 5 mtpa of offtake from the first phase of Sempra Infrastructure’s Port Arthur LNG project in Texas and took a 30 percent equity interest in the project.
Last year, ConocoPhillips also signed a deal with Mexico Pacific, the developer of the planned Saguaro Energia LNG export project, to buy 2.2 mtpa of LNG from the latter but this deal is pending FID.
It also has 0.2 mtpa of offtake for five years starting in 2025 from Sempra Infrastructure’s ECA Phase 1 in Mexico.
The company’s total offtake in North America is about 7.4 mtpa, pending the FID at Saguaro Energia LNG.
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