SSE signs six year gas supply deal with Statoil

The UK energy company SSE said it has signed a long-term gas supply contract with Norwegian oil and gas provider Statoil. 

Starting on 1 October 2015, the six year deal secures the provision of 500,000 therms of gas per day – approximately 6% of SSE’s average daily gas demand – at prevailing market prices and conditions.

The contract strengthens SSE’s existing relationship with Statoil and provides it with a secure supply of gas, enabled by the physical links between Norwegian gas resources and the UK, SSE said in a statement.

Press Release, October 6, 2014; Image: SSE