18 January 2023

Oman Inks LNG Binding Term Sheets with Thai, French Firms

International and Arabic
  • OMAN
  • OMAN

Muscat, January 18 (QNA) - Oman LNG signed Wednesday binding term-sheet agreements with PTT Global LNG Company Limited from Thailand and TotalEnergies from France to supply a total of 1.6 million metric tons per annum (mtpa) of LNG starting from 2025, the company announced.

These agreements solidify the partnership between Oman LNG and the global energy firms.

Under the agreement, Oman LNG will supply PTT Global LNG Company Limited with a total volume of 0.8 million metric tons per annum of LNG based on a nine-year contract, starting from 2026, and 0.8 million metric tons per annum to TotalEnergies for a total duration of 10 years, starting from 2025.

CEO of Oman LNG Hamad Muhammed Al Nuamani said the term-sheet agreement would boost the company's efforts to further grow and strengthen its market positions including new business opportunities, hailing the move as an important step towards supporting the Omani economy and developing strategic partnerships with various world corporates.



Economy, Gulf
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