Slovak gas importer SPP signs LNG supply agreement with Exxon

Signage is seen at an Exxon gas station in Brooklyn, New York, U.S. November 23, 2021. REUTERS/Andrew Kelly

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PRAGUE, Sept 8 (Reuters) – Slovakian national gas importer SPP has signed a liquefied natural gas (LNG) supply deal with ExxonMobil (XOM.N), SPP said on Thursday, as Europe rushes to find alternatives to Russian gas.

SPP said the amount of gas in storage and its diversified supplies were grounds for optimism that its customers would not face disruption this winter, but added that it was vital that the European market and cross-border connections remain functional.

“A contract with ExxonMobil, a strategic partner, opens new opportunities for access to natural gas and LNG,” SPP said in a statement, without giving the volumes or the price of the agreement.

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He said transport arrangements to the landlocked central European country had been secured from LNG terminals in Italy and Croatia.

Slovakia uses about 5 billion cubic meters of gas per year and has been mainly served by Russian gas pumped through Ukraine. Russia has cut deliveries to Europe this year in retaliation for Western sanctions over its invasion of Ukraine.

But Slovakia has secured additional supplies of LNG and piped gas from Norway, which it says would cover most of the needs of SPP, which serves about two-thirds of the Slovak market.

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Reporting by Jan Lopatka Editing by Mark Potter

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