Oman LNG seals supply deal with BP

State-owned producer Oman LNG has signed a deal to supply liquefied natural gas to UK-based energy giant BP.

Oman LNG announced the signing of the sales and purchase agreement on Tuesday.

Under the SPA, Oman LNG will supply 1 million metric tonnes per year of LNG to BP for a period of nine years starting in 2026, it said.

The LNG producer did not provide any additional information.

Oman LNG, in which the government of Oman hold 51 percent recently signed shareholding deals with international companies, including Shell and TotalEnergies.

Based on these agreements, Oman LNG’s shareholding structure will continue with Oman Investment Authority, Shell, TotalEnergies, Korea LNG, Mitsui & Co., Mitsubishi, PTTEP, and Itochu.

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

In August, Oman LNG signed deals to supply LNG to OQ Trading and Shell, completing the campaign with a total volumes of 10.4 mtpa.

Following the signing of the deals, Shell will become Oman LNG’s largest off-taker post 2024 and will purchase up to 1.6 mtpa from Oman LNG from 2025 to 2034.

Besides these contracts, Oman LNG signed a deal with German gas importer Securing Energy for Europe (SEFE) and a deal earlier this year with China’s Unipec, a unit of state-owned energy giant Sinopec.

Oman LNG also signed term sheets with Turkey’s Botas and its shareholders TotalEnergies and PTT.

In addition, 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.

Most Popular

Woodside terminates Commonwealth LNG SPA

Australian LNG player Woodside has terminated its two LNG sale and purchase agreements with US LNG terminal developer Commonwealth LNG.

Thailand in Alaska LNG talks

Thailand's PTT and Egco will engage in further discussions to potentially participate in the development and buy volumes from the planned Alaska LNG project, according to Thailand's Ministry of Energy.

Energy Transfer seals Lake Charles LNG supply deals

Texas-based Energy Transfer has signed new supply deals for its planned Lake Charles LNG export facility in Louisiana as it works to take a final investment decision by the end of this year, according to its management.

More News Like This

Oceaneering clinches GTA gig

Houston-based Oceaneering International has secured a multi-year contract from a unit of UK-based energy giant BP to provide services in the Greater Tortue Ahmeyim field, located offshore Mauritania and Senegal.

BP, partners to ship second Tortue LNG cargo

UK-based energy giant BP and its partners are loading the second liquefied natural gas (LNG) cargo produced at the Greater Tortue Ahmeyim FLNG project, located offshore Mauritania and Senegal, according to US-based Kosmos Energy.

BP to supply feed gas to Woodside’s Louisiana LNG

UK-based energy giant BP has agreed to supply feed gas to Woodside's three-train, 16.5 mtpa Louisiana LNG export project.

BP’s profit down in Q1

UK-based energy giant and LNG player BP reported a 49 percent drop in its quarterly profit compared to last year.