Oman LNG inks LNG supply deal with Shell
State-owned Oman LNG has signed an agreement with Shell to supply 0.8mn metric tons/year of LNG for ten years starting from 2025, the official Oman News Agency reported on January 10. Shell is already a shareholder in Oman LNG.
“We are delighted to sign this term-sheet agreement with Shell, who has been our partner in the industry for many years,” Hamed Al Nu’amani, CEO of Oman LNG, said. “This agreement leverages the opportunities to place Oman LNG in a very competitive market, with strong partners allowing us to grow our market access.”
The Shell deal has been announced just days after Oman LNG signed binding term sheet agreements to deliver a total of 2.35mn mt/year of LNG to three Japanese companies.
Oman LNG is 51% owned by the government of Oman, 30% by Shell, 5.4% by Total, 5% by Kogas, and Japanese and Omani firms own other stakes of under 3%.