BP has agreed to supply gas to the Alaska LNG project, state-owned Alaska Gasline Development Corp. (AGDC) said on Monday.
The two companies signed a gas sales precedent agreement on Friday that includes key terms such as price and volume.
The parties expect to finalise a long-term gas sales agreement this year for AGDC to purchase BP Alaska’s share of 850 billion cubic metres of gas from the Prudhoe Bay and Point Thomson fields.
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