Our LNG portfolio includes a mix of long-term equity projects and mid-term and spot purchases.
We bring innovative commercial solutions – such as pricing, contracts and trading – to the benefit of our customers and stakeholders. Our balance between long, mid and short-term supply enables us to best meet our customers’ needs in a highly dynamic market.
We also bring our deep technical, commercial and project management expertise, along with our extensive LNG supply and shipping portfolio, to deliver LNG solutions for any market, large or small. Beyond LNG supply, we can help build and finance new land-based or offshore import infrastructure and develop integrated pow
We are responding to the challenge of a low carbon future in LNG. The demand for gas from LNG is growing as it offers a much cleaner alternative to coal for power generation and provides a valuable back-up for renewables intermittency. It also supplies heating at the high temperatures required by industry andis increasingly used in transportation. With gas in high demand for years to come, BP’s LNG portfolio will play an important role in delivering more gas and reducing emissions.
We value our long-term relationships which includes partners across the globe within utility companies, gas distributors and national oil and gas companies.
We are active throughout Western Europe, with transport and storage positions that allowus to meet the diverse needs of producers and customers.
BP is the main shareholder and operating partner of Shah Deniz in Azerbaijan, one of the world’s largest gas-condensate fields. The Shah Deniz partnership is developing the second stage of the field and its associated infrastructure in order to bring gas sales from Azerbaijan to Europe. BP operates, develops and produces 25 billion cubic metres per annum of gas for transportation into Azerbaijan, Georgia, Turkey, Greece, Bulgaria and Italy.
BP’s supply and trading business is an active participant in the LNG trade in Asia and the Middle East. We are a leading buyer and seller of spot cargoes, with a focus on responsiveness and the introduction of new products. And we have significant term sales contracts with valued customers across the region, including in China, Japan, Korea, Kuwait, Singapore and Taiwan. We also have term supply from Australia.
Operating out of Singapore as part of BP’s global LNG book, BP’s LNG business in Asia is working to apply its suite of trading, operational and business development skills for the benefit of its customers and shareholders.
As well as interests in upstream projects in the region, BP also has a 30% shareholding in Guangdong Dapeng LNG Terminal, the first LNG terminal in China.
BP wins CWC/ World Gas Intelligence Annual LNG Award for Outstanding Contribution to the Industry 2017
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