ConocoPhillips delivers LNG cargo to Zeebrugge terminal

In February 2008, ConocoPhillips had entered into an agreement with an affiliate of GDF Suez which provides ConocoPhillips long-term access to the northwest Europe liquefied natural gas (LNG) market through GDF Suez's regasification capacity at the Zeebrugge terminal. This arrangement has diversified ConocoPhillips's LNG market access position in the Atlantic Basin by adding access in northwest Europe to the company's existing regasification capacity in the Freeport LNG terminal and planned capacity in the Golden Pass LNG terminal, both located in the US Gulf of Mexico. Under a separate earlier agreement, ConocoPhillips also agreed to provide GDF Suez market access through its regasification capacity in the Freeport LNG terminal in Texas, expected to start in mid-2010.

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