NuVista Energy Signed Long-Term Natural Gas Agreement with Trafigura

SEATTLE (Oil Monster):  Leading commodities company Trafigura and Canadian condensate-rich natural gas producer NuVista Energy Ltd. have inked a long-term natural gas contract. As per the deal, Trafigura would get 21,000 MMbtu/d of natural gas from NuVista. The contract will start on January 1, 2027, and last for a maximum of 13 years.

It is anticipated that the deal will accelerate Trafigura's international natural gas business expansion. Additionally, it will assist the business in strengthening its crucial position in guaranteeing the security of the energy supply for clients worldwide.

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Jonathan Wright, CEO of NuVista, commented on the agreement, saying that the firm is thrilled to have signed a long-term contract with Trafigura, one of the top LNG, energy, and commodities groups in the world. The historic deal is the company's first foray into the international LNG markets.

Igor Marin, Trafigura's Global Head of Gas, Power, and Renewables, added that the company's first deal with NuVista demonstrates its commitment to Canadian markets and the expansion of its long-term portfolio. Additionally, he said, it demonstrates the company's ability to supply clients around the world.