Uniper and Tourmaline Sign 8-Year Gas Supply Deal
- The agreement covers 80,000 MMBtu/day starting November 2028.
- The total volume is estimated at 234 bcf or 6.6 bcm.
- Gas will be delivered to the ANR SE hub in Louisiana.
- The contract uses TTF pricing for international exposure.
Agreement Details
Uniper and Tourmaline Oil Corp. have signed an eight-year natural gas supply agreement. Starting in November 2028, the deal secures 80,000 Metric Million British Thermal Units (MMBtu) per day. The total estimated volume is 234 billion cubic feet (bcf), equivalent to approximately 6.6 billion cubic meters (bcm).
Delivery and Pricing
Under the LNG Netback Supply Agreement, Tourmaline will deliver gas to the ANR SE trading hub in southeast Louisiana, USA. The contract is based on Dutch Title Transfer Facility (TTF) pricing, providing Tourmaline with international price exposure.
Context and Implications
This agreement follows Uniper's recent LNG sale-and-purchase deal with Woodside Energy for up to 2.0 million tonnes per annum (mtpa). The new contract with Tourmaline enhances Uniper's supply sourcing capacity in North America and supports European energy security objectives.
Source: Uniper