Oman LNG and TotalEnergies, one of its shareholders, have signed a sale and purchase agreement to supply 800,000 metric tons per year of liquefied natural gas, the companies said on Monday.TotalEnergies, which owns 5.54% of Oman LNG, will be supplied by the company for 10 years from 2025, they said in separate statements.Oman LNG last week signed an agreement with Turkey\'s state gas grid operator Botas to supply about 1 million tons per annum (mtpa) of LNG for 10 years from 2025. It also signed a 10-year deal with Shellto supply 1.6 mtpa from 2025.TotalEnegies has also made a final investment decision (FID) for Oman\'s Marsa LNG project, the French oil major said.The project will be run by a joint venture named Marsa Liquefied Natural Gas. The business is 80% owned by TotalEnergies, with the rest held by Oman state oil company OQ.The project includes 150 million cubic feet of natural gas per day, coming from the venture\'s 33.19% stake in the Mabrouk North-East field on onshore Block 10, which will provide feedstock for the Marsa LNG plant. The block began production in January 2023 and reached plateu this month."The FID allows Marsa LNG to extend its rights in Block 10 until its term in 2050," TotalEnergies said.The project also includes building an LNG liquefaction plant at Sohar port, with a capacity of 1 mtpa. Production is expected to start by the first quarter of 2028, mainly to serve the marine fuel market. A solar plant will also be built to fully cover the plant\'s power consumption.TotalEnergies and OQ are at "an advanced stage of discussions to jointly develop a portfolio of up to 800 MW, including the 300 MW solar project that will supply Marsa LNG", TotalEnergies said.
- Glencore Could Start a Bidding War for Anglo American
- G7 Acknowledges Russian Asset Seizure Not on the Table
- Heavy Oil Crunch Could Drive Up Shipping and Construction Costs
- Shipping Giant Maersk Warns Red Sea Disruptions Could Continue Into 2025
- UK to Allow Oil and Gas Drilling on Offshore Wind Sites
- Pioneer Reports Q1 Profit Decline Ahead of Exxon Takeover
- Oil Prices Set for Another Weekly Loss
- Yinson Production completes USD 1.3 billion debt financing for the Agogo FPSO
- Vestas announces Interim Financial Report Q1 2024
- 古巴拉克里奥拉光伏园区即将竣工