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Shell and SSE sign ten year gas supply deal

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Shell Energy Europe (SEE) and SSE have agreed a 10 year gas supply agreement for Shell to supply long-term contractual gas to the UK market.

This agreement of 790 million m3/yr is due to commence in 2015.

Slavko Preocanin, President of Shell Energy Europe said; 鈥淲e are delighted to have created this long-term solution for SSE. Shell鈥檚 broad energy supply portfolio and gas market expertise enable us to provide customers with real long-term solutions to their energy needs.鈥

Alistair Phillips-Davies, Generation and Supply Director of SSE, said, 鈥淭his transaction secures a long term supply of gas for the UK market from a creditworthy, reliable and local producer. It is exactly what is required for a stable and confident market which supports investment in new gas-fired generation.鈥

Read the article online at: /business-news/17022012/shell-and-sse-sign-ten-year-gas-supply-deal/

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