BP Canada and Secure Energy Sign Long-Term Natural Gas Sales Agreement
Posted on: Tuesday, 16 September 2008, 12:00 CDT
The BP Canada Energy Marketing Company and Secure Energy have entered into a long-term natural gas sales agreement, pursuant to which BP will purchase up to 67 million cubic feet of natural gas per day from Secure Energy's Decatur coal gasification plant, once it has been constructed and becomes operational.
Secure Energy will have the option to separately sell natural gas to industrial customers in the Decatur, Illinois, area for a portion of its production. BP has agreed to purchase any natural gas not sold locally.
The Decatur plant will convert approximately 1.4 million tons of high-sulfur Illinois coal into over 20 billion cubic feet of natural gas each year.
Lee Lunde, vice president of marketing and trading for BP, said: "BP is proud to have been selected by Secure to market the output from their Decatur gasification project. We are also pleased to be a partner in Secure's vision of providing local solutions to Midwest natural gas consumers."
Source: Datamonitor
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