Oman LNG in 7-year supply deal with BP Singapore

Image courtesy of Oman LNG

Oman LNG, the state-owned operator of the country’s sole LNG export plant in Qalhat, signed a liquefied natural gas supply deal with BP Singapore, a unit of the UK-based energy giant.

The free-on-board (FOB) contract starting January 2018, will span over a period of seven years lifting 1.1 million tonnes per annum of LNG from the liquefaction plant in Qalhat, according to a joint statement.

This is equivalent to about 18 LNG cargoes per year.

Oman LNG operates three liquefaction trains in Qalhat with a capacity of 10.4 million mt per year.

It is a joint venture company established by a Royal Decree in 1994 and is owned by the government of Oman that has a 51 percent stake.

Shell holds a 30 percent stake in Oman LNG, Total (5.54%), Korea LNG (5%), Mitsubishi Corporation (2.77%), Mitsui & Co. (2.77%), Partex (Oman) Corporation (2%), and Itochu (0.92%).

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Posted on January 22, 2018 with tags , .

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