Oman LNG is building momentum as it couples record LNG sales with a surge in new term sales contracts aimed at strengthening its market presence beyond 2025. The latest deal, signed on 7 February with Unipec, the trading arm of Chinese state giant Sinopec, takes the cumulative total of new supply contracts signed since December to 6.75mn t/y.
The firm has 9mn t/y of sales deals currently in effect, but all of these volumes are due to expire by end-2026. With Oman LNG’s gas feedstock requirements now secure in the medium term thanks to the country’s rejuvenated upstream sector, the firm (Oman Investment Authority 51%, Shell 30%, TotalEnergies 5.54%, Korea LNG 5%, Mitsui 2.77%, Mitsubishi 2.77%, PTTEP 2%, Itochu 0.92%) has set about signing replacement customers for its expanded 11.4mn t/y facilities with gusto. (CONTINUED - 329 WORDS)
