Trafigura, a global commodities trading company, has entered into a long-term supply agreement with Canadian natural gas producer NuVista Energy Ltd. (Source: Shutterstock)
Trafigura, a global commodities trading company, has entered into a long-term supply agreement with Canadian natural gas producer NuVista Energy Ltd.
Under the agreement, NuVista will supply Trafigura with 21,000 MMBtu/d of natural gas for up to thirteen years, starting Jan. 1, 2027. The purchase price will be indexed to the Japan Korea Marker.
NuVista is an operator in the Montney formation in Alberta's Deep Basin.
CEO Jonathan Wright said this agreement marks the company's first entry into global LNG markets, emphasizing their strategy of diversifying its condensate-rich natural gas sales locations in North America.
“Canada’s gas producers are now creating an important new connection to global LNG markets. The signing of our first agreement with NuVista reinforces our dedication to these markets and to the growth of our long-term portfolio,” said Igor Marin, global head of gas, power and renewables for Trafigura.
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