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Oman LNG announced the signing of the LNG optimization agreement with Vitol Asia, a unit of Vitol, in a Sunday social media post.
Under the SPA, Oman LNG will supply 0.8 million metric tonnes per annum of LNG.
The supplies will start in 2026.
Oman LNG did not provide further details regarding the agreement.
Vitol also confirmed the signing of the SPA in a separate statement on Monday, saying that the DES contract will start in January 2026.
However, the trader also did not provide the duration of the contract with Oman LNG.
Earlier this year, Oman LNG also signed a supply deal with another trader, Mercuria.
This 10-year FOB deal is for 800,000 metric tonnes per year of LNG.
Oman LNG has been very active in the last two years, signing deals and also announcing plans to expand the facility with a new train.
The new train will have a capacity of 3.8 mtpa, boosting Oman’s LNG production to 15.2 mtpa.
Oman LNG currently operates three liquefaction trains at its site in Qalhat near Sur.
In 2023, Oman LNG signed shareholding deals with international companies, including Shell and TotalEnergies.
Besides Oman LNG and Qalhat LNG shareholding agreements, Oman LNG, in which the government of Oman holds 51 percent, also signed a gas supply agreement with state-owned Integrated Gas Company (IGC) to extend the gas supplies beyond 2024.
Oman LNG in collaboration with its shareholders, approved the extension of the company’s operations beyond 2024 that linked these key agreements for a period of 10 years from 2025 to 2034 for Oman LNG and 2026 to 2029 for Qalhat LNG.
As a result of these deals, Oman LNG secured sales term commitments up to 10.4 mtpa through the execution of term sheet agreements with several buyers and shareholders, expanding the company’s footprint into new regions across Asian and European markets.
