TotalEnergies takes first cargo under new Oman LNG contract

TotalEnergies head in Oman and CEO of Marsa LNG, Sergio Giorgi, announced this in a social media post on Sunday.

He said this is the first LNG cargo from a 10-year offtake contract with Oman LNG.

Giorgi did not provide further information.

According to the image above, the shipment was loaded onboard the 2015-built 160,000-cbm, Cool Explorer.

Cool Exporer’s AIS data provided by VesselValue shows that the LNG carrier departed from the Oman LNG plant in Qalhat during the weekend and was on Monday sailing in the Arabian Sea, offshore India.

The vessel’s final destination is currently not available.

TotalEnergies is a shareholder in Oman LNG

In April last year, Oman LNG signed a sale and purchase agreement (SPA) with TotalEnergies, converting the previously signed term sheet.

Under the SPA, TotalEnergies will offtake 0.8 mtpa of LNG for ten years from 2025, making the company one of the main offtakers of Oman LNG’s production.

TotalEnergies is a shareholder in the Oman LNG complex in Qalhat that includes three trains with a capacity of about 11.4 mtpa.

It has a 5.54 stake in Qalhat LNG and 2.04 percent in Oman LNG.

Last year, Oman LNG signed shareholding deals with international companies, including TotalEnergies and Shell.

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.

In addition, Oman LNG plans to add a new liquefaction train at its three-train Qalhat complex by 2029.

The new train will boost Oman’s LNG production to 15.2 mtpa.