TotalEnergies unveils integrated gas strategy in Oman
Published: 01:01 PM,Jan 20,2023 | EDITED : 05:01 PM,Jan 20,2023
MUSCAT: In line with its growth strategy in gas and LNG, a fuel contributing to the energy transition, TotalEnergies has announced the start of gas production from onshore Block 10 in the Sultanate of Oman as well as an agreement with Oman LNG for a long-term LNG purchase contract.
TotalEnergies has announced the start of gas production from the Mabrouk North-East field in the onshore Block 10. TotalEnergies holds a 26.55 per cent interest in Block 10, with OQ holding 20 per cent and Shell, operator, holding 53.45 per cent.
Gas production is expected to reach 500 million standard cubic feet per day by mid-2024.
The produced gas will supply the Omani gas network, feeding both local industry and LNG export facilities. This production start-up follows the signing of the concession agreement in December 2021.
TotalEnergies has also signed an agreement with Oman LNG for the purchase of 0.8 million metric tonnes of LNG per year over a period of ten years starting from 2025.
This new contract will contribute to TotalEnergies' LNG integrated portfolio and reinforce its flexibility, by allowing to address both the European and Asian markets. This LNG will contribute to the reduction of emissions into the atmosphere since it will allow the electric utilities who purchase this gas to substitute it for coal, thus avoiding CO2 emissions (a natural gas power plant releases about half as much CO2 as a coal power plant).
'These announcements are consistent with the ambition of TotalEnergies to contribute to the energy transition and reinforce its long-standing partnerships with both Oman LNG and the Omani State', said Patrick Pouyanné, Chairman and CEO of TotalEnergies. 'TotalEnergies deploys in Oman its multi-energy strategy in oil, gas and renewables and so participates in the sustainable development of the country’s natural resources.'
TotalEnergies has recently signed 30 MW of solar projects in Oman including a project to supply Sharqiyah Desalination Company (17 MW), in joint-venture with Veolia.
TotalEnergies has announced the start of gas production from the Mabrouk North-East field in the onshore Block 10. TotalEnergies holds a 26.55 per cent interest in Block 10, with OQ holding 20 per cent and Shell, operator, holding 53.45 per cent.
Gas production is expected to reach 500 million standard cubic feet per day by mid-2024.
The produced gas will supply the Omani gas network, feeding both local industry and LNG export facilities. This production start-up follows the signing of the concession agreement in December 2021.
TotalEnergies has also signed an agreement with Oman LNG for the purchase of 0.8 million metric tonnes of LNG per year over a period of ten years starting from 2025.
This new contract will contribute to TotalEnergies' LNG integrated portfolio and reinforce its flexibility, by allowing to address both the European and Asian markets. This LNG will contribute to the reduction of emissions into the atmosphere since it will allow the electric utilities who purchase this gas to substitute it for coal, thus avoiding CO2 emissions (a natural gas power plant releases about half as much CO2 as a coal power plant).
'These announcements are consistent with the ambition of TotalEnergies to contribute to the energy transition and reinforce its long-standing partnerships with both Oman LNG and the Omani State', said Patrick Pouyanné, Chairman and CEO of TotalEnergies. 'TotalEnergies deploys in Oman its multi-energy strategy in oil, gas and renewables and so participates in the sustainable development of the country’s natural resources.'
TotalEnergies has recently signed 30 MW of solar projects in Oman including a project to supply Sharqiyah Desalination Company (17 MW), in joint-venture with Veolia.