Oman LNG signs supply deal with China’s Unipec

State-owned producer Oman LNG continues to sign supply deals and the newest customer is China’s Unipec, a unit of state-owned energy giant Sinopec.

Under the binding term sheet, Oman LNG would supply about 1 million metric tonnes per year for a period of four years to Unipec, Oman’s energy ministry said on Tuesday.

The supplies would start in 2025, it said.

Oman LNG confirmed the deal later on Tuesday saying this is the company’s first contract with a Chinese firm.

“This step comes to leverage the ever-growing partnership between Oman LNG and international energy firms, and promotes the company’s efforts to reach new markets,” it said.

8th supply deal for Oman LNG

This deal with Unipec is the 8th term sheet Oman LNG signed since December and follows the deal with Turkey’s Botas.

However, it is shorter then the previous deals which were mostly for a duration of 10 years.

Oman LNG, in which the government of Oman holds 51 percent, recently also signed term sheets with its shareholders TotalEnergies, PTT, and Shell.

Also, Oman LNG signed key term sheets in December to supply LNG to Japan’s Jera, Mitsui, and Itochu.

The firm operates three LNG trains in Qalhat with a nameplate capacity of 10.4 mtpa sourcing gas from the central Oman gas field complex.

Due to debottlenecking, the company’s complex now has a production capacity of around 11.4 mtpa.

- Advertisements -

Most Popular

Stena Bulk sells its last LNG carrier

Swedish shipping firm Stena Bulk has sold its last liquefied natural gas (LNG) carrier to an undisclosed Asian buyer. The...

Shell launches largest bio-LNG plant in Germany

A unit of LNG giant Shell has launched what it says is the largest bio-LNG production plant in Germany. The...

South Korean yards built 500 LNG carriers for export in 30 years

South Korean yards have completed 500 liquefied natural gas (LNG) tankers for export since 1994, according to the Ministry...

More News Like This

TotalEnergies takes FID on Marsa LNG bunkering project in Oman

French energy giant TotalEnergies has taken a final investment decision on the Marsa LNG bunkering project in Oman. Technip...

Oman LNG, Turkey’s Botas seal 10-year SPA

State-owned producer Oman LNG has signed a 10-year sales and purchase agreement with Turkey’s state-owned natural gas and LNG...

Oman LNG inks 10-year SPA with Shell

State-owned producer Oman LNG has signed a 10-year sales and purchase agreement with a unit of LNG giant Shell. Under...

Update: Australia Pacific LNG ships 1000th cargo

Australia Pacific LNG, the operator of the 9 mtpa liquefied natural gas export facility on Curtis Island near Gladstone,...