- The agreement covers 80,000 MMBtu per day starting November 2028.
- The total volume is estimated at 234 bcf, equivalent to 6.6 bcm.
- Gas will be delivered to the ANR SE trading hub in Louisiana.
- The contract is based on 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 involves the delivery of 80,000 Metric Million British Thermal Units (MMBtu) per day. The total estimated volume of the transaction 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 the gas to the ANR SE trading hub located in southeast Louisiana, USA. The contract is based on Dutch Title Transfer Facility (TTF) pricing, which provides Tourmaline with exposure to international market prices.
Context and Strategic Importance
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 Woodside transaction includes LNG supply commitments from a US-based terminal in Louisiana, currently under development. The new agreement with Tourmaline enhances Uniper's supply sourcing capacity in North America, contributing to European energy security and market diversification.
