Norwegian explorer Statoil has agreed a long-term gas supply agreement with the UK’s SSE.
The deal, which will start from October, will see gas supplied increase from ca. 0.5 billion standard cubic metres per day to ca. 2.5 bcm/y.
Tor Martin Anfinnsen, senior vice president of Marketing and Trading in Statoil, said: “We are very happy to have made this agreement with SSE. Being the second largest supplier of gas and electricity in the UK, SSE is a significant player in a market that is very important to Statoil.
“The agreement takes our already established relations to the next level. The agreement with SSE is another confirmation of Statoil’s position as a long term reliable supplier of gas to the UK.”
Last month, Statoil and Centrica announced a gas supply agreement that takes Statoil’s total supply to Centrica for the 10-year period 2015-2025 up to 7.3 bcm/y.
Britain needs around 70 bcm of natural gas each year to heat homes and businesses and to generate electricity.
Statoil’s long term supply agreements with SSE and Centrica represents almost 15% of UK gas demand and will deliver sufficient gas to meet the needs of nearly 8.5 million British homes every year.
Recommended for you
