Doha: ExxonMobil and Qatar Petroleum have signed an agreement to export liquefied natural gas to Britain from the export terminal that is planned to be established in the United States, which gives Britain a new line of supply given the decline in domestic production.
The two companies will export up to 15.6m tons of liquefied natural gas annually to their South Hook terminal in Wales from the Golden Pass terminal in Texas, after obtaining the approval of the US government on the construction of the terminal and export of liquefied natural gas.
The agreement comes after natural gas stockpiles dropped in Britain to critical levels during the winter, which led to a significant rise in prices and sparked calls for a strengthening of the supply system. [12/05/13]
