IOG Serves Notice on Gazprom Gas Sales Agreement Due to Ukraine War
01 Mars 2022 - 7:38PM
Dow Jones News
By Anthony O. Goriainoff
IOG PLC said late Tuesday that it had served notice with
immediate effect to Gazprom Marketing & Trading Ltd.--the
trading arm of Gazprom PJSC--in regard to the sale of gas from its
offshore U.K. fields.
The London-listed gas producer said it expects to sell the
equity gas from the Elgood and Southwark fields to an alternative
buyer, and that it already had a separate sales agreement with BP
Gas Marketing Ltd for the Blythe field.
"Our thoughts are with everyone affected by the shocking,
unprovoked invasion of Ukraine. In that context, IOG has today
served notices to GM&T with immediate effect," Chief Executive
Andrew Hockey said.
Write to Anthony O. Goriainoff at
anthony.orunagoriainoff@dowjones.com
(END) Dow Jones Newswires
March 01, 2022 13:23 ET (18:23 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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