Conoco Signs Long-Term LNG Deal With Dutch Terminal

ConocoPhillips has inked a 15-year LNG supply deal with Netherlands-based Gate Terminal that would expand Conoco’s gas presence in Europe by 1l.5 million tons in regasification capacity annually. The deal will become effective in 2031 and will boost LNG supply for the Netherlands and Northwestern Europe from that year onwards. It is the latest example of a deepening EU divergence between words and actions. While Brussels and national government officials cheer their new independence of Russian gas and reduced dependence on hydrocarbons in…