- Oman LNG and TotalEnergies have signed a sale and purchase agreement to supply 800,000 metric tons of liquefied natural gas.
- The project includes 150 million cubic feet of natural gas daily from the venture’s 33.19 per cent stake in the Mabrouk North-East field.
Oman LNG and TotalEnergies have signed a sale and purchase agreement to supply 800,000 metric tons of liquefied natural gas per year.
In separate statements, TotalEnergies, which owns 5.54 per cent of Oman LNG, will be supplied by the company for 10 years from 2025.
The French oil major said that TotalEnegies has also made a final investment decision (FID) for Oman’s Marsa LNG project.
A joint venture called Marsa Liquefied Natural Gas will also run the project. TotalEnergies owns 80 per cent of the business, with the rest held by Oman state oil company OQ.
However, the project includes 150 million cubic feet of natural gas daily from the venture’s 33.19 per cent stake in the Mabrouk North-East field on onshore Block 10. This field will provide feedstock for the Marsa LNG plant. The block began production in January 2023 and reached a plateau 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. A solar plant will be integrated to fully cover the plant’s power consumption.
Furthermore, 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.