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    Shell to Buy All Output from UK Saltfleetby Field


The operator had said that the buyer would be a major.

by: William Powell

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Shell to Buy All Output from UK Saltfleetby Field

Anglo-Dutch major Shell has agreed to buy the entire output from the Saltfleetby gas field in the UK, the operator and 51% owner Angus Energy said August 12. lt did not give any details on pricing or the daily delivery terms but Angus did say they were "in line with the assumptions used in our competent person's report and we are pleased to have such a robust partner for gas sales."

In late June, it said it expected first gas later this year, although there were many moving parts and the pace would be set by the slowest of them. The 18bn ft³ field could flow about a tenth of that in the first year, it has said. The other partner is Russian monopoly Gazprom.