TotalEnergies, Oman's OQ set up LNG company
France’s TotalEnergies and Oman’s OQ have established an integrated energy company, Marsa LNG, the French company said on December 21.
Marsa LNG will produce natural gas from Block 10, with a view to subsequently develop a low-carbon LNG plant in Sohar, powered by solar electricity, for the production of LNG for bunker fuel. TotalEnergies owns 80% in Marsa LNG and OQ 20%.
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TotalEnergies has also signed a concession agreement for Block 10, to develop and produce natural gas from this block. Marsa LNG will hold a 33.19% interest in Block 10, together with its partners OQ and Shell. TotalEnergies’ production from Block 10 is expected to reach approximately 24,000 boe/d in 2023.
The French firm has inked a gas sales agreement as well, under which Marsa LNG will sell natural gas from Block 10 to the government of Oman, for a duration of 18 years or until the start-up of Marsa LNG plant.