Dubai — Oman LNG signed agreements on Monday to extend supplies to shareholders including Shell and TotalEnergies for up to 10 years beyond 2024, the state’s Oman News Agency (ONA) reported.
Oman LNG will supply about seven million metric tons annually (mtpa) of liquefied natural gas (LNG) for about 10 years, with prices linked to global oil prices, ONA reported, citing Oman’s Energy Minister Salim al-Aufi.
Oman LNG is 51% owned by the Omani government, with 30% held by Shell, 5.54% by TotalEnergies, 5% by Korea LNG, 2.77% each by Japan’s Mitsubishi Corporation and Mitsui & Co, 2% by Thailand’s PTTEP and 0.92% by Itochu Corporation, according to its website.
Agreements were also signed with shareholders of Qalhat LNG, which merged with Oman LNG a decade ago.
Qalhat LNG will supply about 3.8 mtpa for between four and five years, al-Aufi said, according to ONA.
