No 23



OLNG Signs Six-Year LNG Supply Deal With BP

Oman LNG (OLNG) on 2 June announced that it had reached agreement with BP Gas Marketing to supply the latter with up to 4mn tons of LNG over a six-year period beginning in 2004. A BP statement said the deal would deepen the countrys gas marketing activities in Spain. The flexible agreement will involve BP receiving up to 12 cargoes of LNG (ex-ship) in Europe to underpin existing supplies. Cooperation between the parties...