- Marathon Oil Corp. has signed a 5-year LNG sales agreement with Glencore’s U.K. subsidiary
- The agreement involves selling a portion of the LNG produced from Marathon’s Alba Field in Equatorial Guinea
- The pricing structure of the deal is linked to the Dutch Title Transfer Facility index
- Marathon Oil will gain exposure to the European market for LNG through this agreement
- Marathon holds a 64% working interest in the Alba Field
Marathon Oil Corp. has entered into a 5-year agreement with Glencore’s U.K. subsidiary to sell a portion of the liquid natural gas (LNG) produced from its Alba Field in Equatorial Guinea. The deal, effective from January 1, will have a pricing structure tied to the Dutch Title Transfer Facility index, providing Marathon Oil with exposure to the European market for LNG. With a 64% working interest in the Alba Field, Marathon Oil is set to benefit from this sales agreement.
