Oman LNG pens LNG supply deals with Shell, OQ

Oman LNG, the Omani state-owned LNG company, has signed LNG supply agreements with Shell and OQ, Oman News Agency made the announcement on August 30 through X, formerly known as Twitter.

According to the two agreements, Oman LNG will supply a combined 1.5mn tonnes/year of LNG to the two companies. The first agreement entails a commitment to supply Shell International Trading with 800,000 tonnes/year of LNG over a decade, commencing in 2025. The second agreement outlines the delivery of 750,000 tonnes/year of LNG to OQ Trading for a span of four years, beginning in 2026.

Oman LNG is primarily owned by the Omani government, holding a 51% stake. Shell holds a 30% ownership stake, while other key shareholders include Total with 5.4%, Kogas with 5%, and Japanese and Omani firms with under 3% stakes.

In recent months, the company has signed multiple LNG supply deals. Earlier this year, it signed an agreement with Shell, Thai PTT and France’s TotalEnergies and Botas. In December, it signed deals with three Japanese companies: Itochu Corporation, Jera and Mitsui & Co. Earlier this month, the company signed a deal with Germany's SEFE.