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.
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