Oman LNG inks supply deals with TotalEnergies and PTT

State-owned producer Oman LNG has signed long-term liquefied natural gas supply deals with France’s TotalEnergies and Thailand’s PTT.

Under the first term sheet, Oman LNG would supply 0.8 million metric tonnes per year for a period of 10 years to TotalEnergies, starting in 2025, the Omani state news agency said on Wednesday.

The company would also deliver 0.8 million metric tonnes per year to PTT under the second term sheet for 9 years and these supplies would start in 2026, it said.

Oman LNG confirmed the signing of these deals later on Wednesday.

Both TotalEnergies and PTTEP, a unit of state-owned PTT, are shareholders in Oman LNG with a 5.54 percent stake and a 2 percent stake, respectively.

Six LNG supply deals

These term sheets follow a recent deal Oman LNG signed with its shareholder Shell.

Shell has been a shareholder in Oman LNG with a 30 percent stake since its inception while the government of Oman holds 51 percent in the LNG producer.

Under the term sheet, Oman LNG said it would supply 0.8 million metric tonnes per year for a period of 10 years to a unit of Shell, starting in 2025.

In addition, Oman LNG signed key term sheets last month to supply LNG to Japan’s Jera, Mitsui, and Itochu.

The yearly supplies for the three firms total 2.35 mtpa of LNG and would start in 2025 as well.

Prior to these deals, Oman LNG loaded the 3000th cargo in November at its complex in Qalhat, Sur since 2000.

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

Moreover, it mostly supplies LNG under long-term deals with Kogas, BP, Itochu, Osaka Gas, and Naturgy.

Oman’s LNG exports rose 8 percent in the first half of 2022 to 91 cargoes due to debottlenecking and the company’s complex now has a production capacity of around 11.4 mtpa.

The firm delivered in total 163 cargoes or 10.6 mtpa of LNG in 2021.

Most Popular

Vitol seals 10-year SPA to supply LNG to Philippines

Geneva-based energy trader Vitol has signed a 10-year sales and purchase deal with LNGPH to deliver LNG to Batangas, Philippines.

Nigeria LNG working on LNG carrier order

Yards in South Korea and China are competing to win an order to build liquefied natural gas carriers for LNG producer Nigeria LNG, shipbuilding sources told LNG Prime on Tuesday.

Dominion gets approval for Virginia LNG facility

Dominion Energy, the US state of Virginia's largest utility, has received state approval to build its Brunswick-Greensville liquefied natural gas (LNG) production, storage, and regasification facility.

More News Like This

Hudong-Zhonghua kicks off work on TotalEnergies LNG bunkering vessel

China’s Hudong-Zhonghua has officially started building one 18,600-cbm LNG bunkering vessel for French energy giant TotalEnergies.

Thailand’s B.Grimm Power to import up to five LNG cargoes this year

Thailand’s B.Grimm Power, a unit of B.Grimm, plans to import up to five liquefied natural gas (LNG) cargoes in 2025.

TotalEnergies claims Asia Pacific’s first cruise ship LNG bunkering

A unit of France's TotalEnergies has completed what it says is Asia Pacific’s first LNG bunkering for cruise passenger ships.

Marsa LNG dredging operations start in Oman

Dutch dredging and offshore contractor Boskalis has started dredging operations as part of the TotalEnergies-led Marsa LNG bunkering project...