BP publishes LNG purchase and sale contract


BP has published its contract for the purchase and sale of liquefied natural gas (LNG) for Delivered Ex-Ship (DES) operations, where the seller has the responsibility to deliver the goods to the port of the country defined by the buyer. The purpose of the document is to contribute to the standardization of transactions involving fuel.

“We are releasing our standard LNG trading terms. We believe that openness and transparency in the way we do business is the best way to engage in new partnerships, “said Jonathan Shepard, director of LNG at BP Supply and Trading.

In this year’s edition of BP Energy Outlook, the British oil company predicts that gas consumption will outpace the world’s coal by 2040, following the expansion of the global LNG market. In relation to Brazil, the study projects that the country’s energy matrix will be almost equally divided between oil and gas (49%) and hydroelectric and renewable (46%).

Source: Brazil Energy Magazine


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