Oman LNG pens new agreements to export 1.6 mtpa of LNG
Published: 02:01 PM,Jan 18,2023 | EDITED : 06:01 PM,Jan 18,2023
Oman LNG signed two agreements with two global gas companies covering the supply of 1.6 million metric tonnes per annum (mtpa) of LNG starting from 2025. The signing took place under the auspices of the Minister of Energy and Minerals, Eng Salim bin Nasser al Aufi yesterday.
The company is set to supply Thailand’s PTT Global LNG Company Limited and French TotalEnergies each with a 0.8 million metric tonnes per annum of LNG.
The binding term-sheet agreements were signed by the Chief Executive Officer of Oman LNG, Hamed al Naamany, with the Managing Director of PTT Global LNG Company Limited, Ratchada Lertwanichwatana, and Senior Vice President of LNG of TotalEnergies, Thomas Maurisss.
Hamed al Naamany, Chief Executive Officer of Oman LNG, shared the following remarks after the event. 'The signing of the term-sheet agreements with PTT Global LNG Company Limited and TotalEnergies enhances our efforts to further grow and strengthen our market positions including new business opportunities.”
“Such a step complements our mission to add value to the local economy through increasing capacity, and strengthening collaborations with international firms,” he added.
Per the agreement, the supply of liquid natural gas to TotalEnergies is expected to begin in 2025 over a period of ten years, while the supply to PTT Global’s is set to begin in 2026 over a duration of nine years.
The Chief Executive Officer of Oman LNG Development Foundation, Dr Amer al Matani, stated “These agreements embody the company's quest to reach new global markets.”
Last December, the company signed agreements with 3 Japanese firms for the delivery of a total of 2.35 mtpa of Omani LNG. More recently, Oman LNG inked a similar deal with Shell International Trading Middle East FZE for the offtake of 0.8 mtpa of LNG for ten years starting from 2025.
The company is set to supply Thailand’s PTT Global LNG Company Limited and French TotalEnergies each with a 0.8 million metric tonnes per annum of LNG.
The binding term-sheet agreements were signed by the Chief Executive Officer of Oman LNG, Hamed al Naamany, with the Managing Director of PTT Global LNG Company Limited, Ratchada Lertwanichwatana, and Senior Vice President of LNG of TotalEnergies, Thomas Maurisss.
Hamed al Naamany, Chief Executive Officer of Oman LNG, shared the following remarks after the event. 'The signing of the term-sheet agreements with PTT Global LNG Company Limited and TotalEnergies enhances our efforts to further grow and strengthen our market positions including new business opportunities.”
“Such a step complements our mission to add value to the local economy through increasing capacity, and strengthening collaborations with international firms,” he added.
Per the agreement, the supply of liquid natural gas to TotalEnergies is expected to begin in 2025 over a period of ten years, while the supply to PTT Global’s is set to begin in 2026 over a duration of nine years.
The Chief Executive Officer of Oman LNG Development Foundation, Dr Amer al Matani, stated “These agreements embody the company's quest to reach new global markets.”
Last December, the company signed agreements with 3 Japanese firms for the delivery of a total of 2.35 mtpa of Omani LNG. More recently, Oman LNG inked a similar deal with Shell International Trading Middle East FZE for the offtake of 0.8 mtpa of LNG for ten years starting from 2025.