TotalEnergies extends partnership with Oman LNG
Published by Jessica Casey,
Editor
LNG Industry,
TotalEnergies has signed an amendment to extend its partnership with Oman LNG, an Omani LNG joint venture in which the company holds a 5.54% stake.
Located on the northeast coast of Oman, the Oman LNG liquefaction complex comprises two liquefaction trains, each with a capacity of 3.8 million tpy of LNG. It is adjacent to the Qalhat LNG project, comprising one 3.8 million tpy train, and in which Oman LNG holds a stake. This brings the site's total production to 11.4 million tpy.
Through this agreement, TotalEnergies is extending beyond 2024 its interest in Oman LNG, by 10 years, and in Qalhat LNG, by five years. The parties agreed to finance investments to reduce the plant’s greenhouse gas emissions during this extension. In January 2023, TotalEnergies had also signed an agreement with Oman LNG to offtake 0.8 million tpy of LNG for 10 years from 2025, making the company one of the main offtaker of Oman LNG's production.
“We are pleased to extend our partnership with Oman LNG. This LNG contributes to our supply of Europe and Asian markets, and strengthens our integrated and flexible global portfolio, in line with TotalEnergies’ ambition to increase its LNG production and long-term purchases by 50% by 2030,” said Julien Pouget, Senior Vice President Middle East & North Africa, Exploration & Production at TotalEnergies.
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/03112023/totalenergies-extends-partnership-with-oman-lng/
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