ConocoPhillips Inks Deal to Bring Liquefied Natural Gas to Britain
Shares of ConocoPhillips (COP) are down after Britain's South Hook Gas signed a deal allowing the US oil major to access spare liquefied natural gas import capacity at Europe's biggest liquefied natural gas terminal, Reuters reported.
The deal will boost the amount of gas that can be delivered into the UK by COP through unused capacity at the terminal.
ConocoPhillips shares are down 0.16%, or $0.13, to $80.30.
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