Service & Supply | Deals - Joint Ventures
Statoil, Wintershall Ink European Gas Sales Deal
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Statoil and Wintershall have entered into a 10-year gas sales agreement for the delivery of a total of 45 billion cubic meters (bcm) to the German and other North-West European markets.
"This strategic agreement demonstrates the continued competitiveness of Norwegian natural gas in the German energy mix. Natural gas abundance and established infrastructure provides long term security of supply, and as the least CO2 intensive fossil fuel it can contribute to further reduction of German CO2 emissions," says Statoil's President and CEO Helge Lund, adding that: "We see this agreement as a confirmation of how important natural gas will be in shaping the long term German energy system."
"The agreement with Statoil, a long-term and reliable energy partner with Germany for decades, is a…
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