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 firm Botas.

Under the sales and purchase agreement, Oman LNG will supply Botas with 1 million metric tonnes per annum of LNG, according to Oman LNG.

Oman LNG said the deal will start in 2025.

The LNG producer announced in January 2023 it signed a binding term sheet with Botas to supply 1 mtpa of LNG to the latter.

Botas and Oman LNG probably converted this term sheet into a SPA.

This week, Oman LNG also signed a 10-year SPA for 1.6 mtpa of LNG with its shareholder Shell and it also signed a 10-year SPA for 0.8 mtpa of LNG with Japan’s Jera,

The LNG producer and German gas importer Securing Energy for Europe (SEFE) recently also finalized their previously announced LNG deal for 0.4 mtpa of LNG between 2026 and 2029.

Oman LNG 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.

Oman LNG, in which the government of Oman holds 51 percent, was quite busy last year and it signed shareholding deals with international companies, including Shell and TotalEnergies.

These agreements followed the completion of Oman LNG’s large marketing campaign aimed at renewing all of its contracts post 2024.

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