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Gas deal signed with EDFT

September 30, 2003, 16:00 CEST

Statoil has entered into an agreement with EDF Trading Limited (EDFT) to deliver 900 million cubic metres of gas over a two-year period. The delivery point will be the Zeebrugge Hub in Belgium.

The agreement will run from 1 January 2004 to 1 October 2005.

In April the group signed a sizeable contract with EDFT's parent company, Electricité de France Service National, to deliver one billion cubic metres of gas annually to the company over 15 years, commencing 1 October 2005.