OMAN LNG SIGNS SUPPLY DEAL WITH TOTALENERGIES

Oman LNG and TotalEnergies, a shareholder of Oman LNG, have entered into a sale and purchase agreement for the supply of 800,000 metric tons per year of liquefied natural gas (LNG). TotalEnergies, which holds a 5.54% stake in Oman LNG, will receive the LNG supply from the company for a period of 10 years starting from 2025. This agreement follows Oman LNG's recent deals, including one with Turkey's state gas grid operator Botas for the supply of about 1 million tons per annum (mtpa) of LNG for 10 years starting from 2025, as well as a 10-year deal with Shell to supply 1.6 mtpa from 2025.

Established in 1994 after the discovery of significant gas reserves, Oman LNG is majority-owned by the Omani government (51%), with other shareholders including Shell (30%), Korea LNG (5%), Mitsubishi Corporation and Mitsui & Co of Japan (2.77% each), PTTEP of Thailand (2%), and Itochu Corporation (0.92%). The company has a production capacity of 10.4 mtpa.

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