BP and Gazprom's UK subsidiary, Gazprom Marketing & Trading, have entered into an agreement whereby BP will supply a number of liquefied natural gas cargoes for Gazprom to market in the Atlantic Basin.

The cargoes, which will be sourced from within BP’s portfolio, will be supplied over the period 2006 and early 2007 and transported in liquefied natural gas (LNG) ships chartered by BP to Gazprom Marketing & Trading.

The first cargo of 135,000m3 has already been loaded onto the British Merchant at Point Fortin, Trinidad & Tobago for delivery to Cove Point, Maryland, US.

We are pleased to be working with Gazprom in the area of LNG. As the world’s largest gas company, Gazprom is potentially also a major supplier of LNG to the Atlantic Basin, commented Anne Quinn, group vice president for gas, LNG and natural gas liquids at BP. This agreement is a clear indication of the way our two companies can work together to their mutual advantage. We look forward to identifying further opportunities to deepen our relationship in the future.