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GLNCY Glencore Plc (PK)

11.879
0.009 (0.08%)
Last Updated: 15:35:26
Delayed by 15 minutes
Name Symbol Market Type
Glencore Plc (PK) USOTC:GLNCY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.009 0.08% 11.879 11.87 11.89 11.91 11.83 11.83 47,647 15:35:26

Marathon Oil Inks 5-Year LNG Sales Agreement With Glencore

16/10/2023 10:40pm

Dow Jones News


Glencore (PK) (USOTC:GLNCY)
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From May 2023 to May 2024

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By Ben Glickman

 

Marathon Oil Corp. agreed to sell a portion of the liquid natural gas it produces from its Alba Field in Equatorial Guinea to Glencore's U.K. subsidiary in a five-year deal.

Houston-based Marathon Oil said that the agreement, effective Jan. 1, would have a pricing structure linked to the Dutch Title Transfer Facility index, giving oil and gas production company exposure to the European market for LNG.

Marathon holds a 64% working interest in the Alba Field.

 

Write to Ben Glickman at ben.glickman@wsj.com

 

(END) Dow Jones Newswires

October 16, 2023 17:25 ET (21:25 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.

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