19-09-2024

Uniper and ConocoPhillips extend long-term gas supply partnership in Northwest Europe

Uniper and ConocoPhillips have extended their long-term gas partnership for the supply of up to 10 billion cubic meters of natural gas over the next 10 years. Under the agreement, ConocoPhillips will supply natural gas to Uniper in Northwest Europe while leveraging its existing piped gas and growing LNG positions. ConocoPhillips and Uniper have had a decades long trusted and strong energy partnership. The extension of this relationship continues the long-standing, successful cooperation between the partners that serves as a cornerstone of the long-term, reliable energy supply security of Germany and of Europe.

"We are excited to announce this significant deal, which is not only a great success for Uniper but also of central importance to energy security. This
deal aims to enable us to sustainably strengthen the supply of gas in Germany and Europe on a long-term basis. This partnership is also a testament to our trustful cooperation. We are looking forward to further strengthen it and thereby create new opportunities" Carsten Poppinga, CCO Uniper.

"Our strong partnership with Uniper dates back many years, and we are pleased to extend our relationship for the next decade. This agreement will further advance our growing LNG portfolio marketing efforts and help to ensure placement of vital gas supply into Europe" Khoa Dao, CCO ConocoPhillips.

Uniper supplies municipal utilities and industrial customers with a strong gas portfolio, which includes pipeline gas and LNG, LNG regasification bookings and gas storage. Uniper continues to diversify the portfolio to enhance the security of gas supply in Europe while gradually decarbonizing it by adding green gases such as hydrogen and biomethane.