6th September 2011 – South Hook Gas has signed a framework agreement with Chevron Products UK Limited (Chevron) for access to spare LNG import capacity at the South Hook Terminal.
The company already delivers gas to ExxonMobil Gas Marketing Europe and has regasification services agreements with Total Gas & Power, ConocoPhillips, EGL and Trafigura.
Rashid Al-Marri, General Manager at South Hook Gas said, “We’ve said since starting operations that we wanted to help improve security and competition in the UK energy market. We’re now supplying more gas into the UK than any other LNG shipper and by signing new access agreements such as this one with Chevron, we’re fulfilling our promises.”
“Chevron is pleased to enter into this agreement with South Hook Gas,” said Gregor Cameron, General Manager of Chevron Natural Gas Europe. “The agreement provides Chevron with the flexibility to bring LNG into the United Kingdom when opportunities arise.”
South Hook Gas has supplied gas every day into the UK market since commencing operations in 2010, helping to improve security of supply. In little over a year, the company has grown rapidly and can supply around 20% of the UK’s gas.
LNG is a flexible and safe energy source that can provide reliable back-up to intermittent renewable energy supplies such as wind and solar. As one of the cleanest burning hydrocarbons, natural gas can also help the UK to achieve its greenhouse gas emissions targets as it produces around 50% less CO2 than coal.
-ENDS-
For media enquiries about South Hook Gas,
contact Daniel Schraibman
dschraibman@southhookgas.com
Office: +44 20 7234 3510
Mobile: +44 7787 418 664
Switchboard: +44 207 234 3500
Notes to editors
About South Hook Gas
- South Hook Gas (SHG) is an LNG import company and terminal shipper, which owns and manages all of the regasification capacity as well as System Entry Capacity at the South Hook LNG Terminal at Milford Haven in Wales.
- Established in 2004 and based in London, SHG is a joint venture between Qatar Petroleum (70 per cent) and ExxonMobil (30 per cent).
