Company Insights Oman LNG Oil & Gas Oman LNG Overview Oman LNG was established by royal decree in 1994 and founded with a shareholders’ agreement involving the Government of Oman and international partners including Royal Dutch Shell and Total. Oman LNG produces and sells liquefied natural gas (LNG) and its by-product natural gas liquids (NGLs). Oman LNG operates in liquefying, storing, transporting and marketing Oman’s natural gas and delivering it to customers. It runs three liquefaction trains at its site in Qalhat near Surn, with a total capacity of 10.4 million tonnes per year, and its liquefaction plant is located on the coast in the South Sharqiyah governorate. In 2013 Oman LNG officially integrated with Omani company Qalhat LNG. The company announced in July 2024 that it will build a new LNG facility next to its existing Qalhat LNG complex, with an estimated production capacity of 3.8 million metric tonnes per annum. The government of Oman is the majority owner of Oman LNG, with a 51 percent share. Other shareholders include Shell, which owns 30 percent, TotalEnergies, which owns over 5.5 percent and Mitsubishi, which owns over 2.7 percent. Oman LNG News Energy Oman’s OQ unit signs LNG off-take pact with Mexico A subsidiary of state-owned OQ Group, Oman’s energy conglomerate, has signed an agreement to offtake liquefied natural gas (LNG) from Mexico for supply to the Asia Pacific region. The Dubai-based OQ Trading (OQT) has entered into a binding heads of agreement with Mexico’s Amigo LNG SA de CV for long-term supply of LNG, targeting the […] September 1, 2024 Trade Oman-China trade value hits $15bn Bilateral trade between Oman and China increased by 8 percent year on year in the first five months of 2024, reaching more than $15 billion, according to local media. Officials said during an Omani-Chinese friendship forum in the southern city of Salalah that the major joint projects with China currently being implemented in Oman are […] August 9, 2024 Oil & Gas European regulator approves Oman’s $1.6bn LNG project The European Commission has approved a $1.6 billion liquefied natural gas (LNG) project in Oman’s Sohar Port. The project, which is being jointly developed by Oman energy investment company OQ and France’s TotalEnergies, is unlikely to raise competition concerns due to its limited impact on the European economic area, the Oman Daily Observer reported, quoting […] August 5, 2024 Energy Oman to expand LNG output with new facility Oman is building a new liquefied natural gas facility to expand its natural gas exploration and production. It will be built next to the existing Qalhat LNG complex, with an estimated production capacity of 3.8 million metric tonnes per annum (mtpa), the state-run Oman News Agency reported. The facility will increase the sultanate’s LNG production […] July 29, 2024 Energy Oman signs LNG supply pact with Turkey’s Botas State-backed Oman LNG has signed an agreement with Turkey’s Botas Petroleum Pipeline Corporation to supply one million metric tonnes per annum (mtpa) of liquefied natural gas (LNG) for 10 years. The agreement will commence in 2025, the state-run Oman News Agency reported. Hamed Mohammed Al Nu’amani, CEO of Oman LNG, said the agreement with Botas […] April 21, 2024 Energy Oman signs LNG supply pact with Germany’s Sefe State-backed Oman LNG has signed a three-year pact to supply 0.4 million metric tonnes per annum (mtpa) of liquefied natural gas (LNG) to German headquartered Sefe Secure Energy for Europe (Sefe) from 2026. The binding term sheet was signed in August 2023, with the formal agreement being signed during the Berlin Energy Transition Dialogue 2024, […] March 24, 2024 Energy Oman signs 9-year LNG supply deal with BP State-owned Oman LNG has signed an agreement to deliver one million metric tonnes per annum of LNG to British oil and gas major BP. Starting in 2026, the LNG will be delivered to BP for nine years, the state-run Oman News Agency reported. Hamed Al Naamany, CEO of Oman LNG, said that the expected revenues […] November 23, 2023 Banking & Finance Cautious Oman’s SWF outperforms global markets Oman Investment Authority’s cautious approach to public market investing enabled it to significantly outperform global benchmarks last year, the sovereign fund’s annual report revealed on Wednesday. These gains helped the OIA, which was created in June 2020 following a government reshuffling of state-owned assets, to increase its portfolio value to OMR 17.9 billion ($46.5 billion) […] August 3, 2023 Construction Oman signs $390m agreements to develop integrated cities Oman’s Ministry of Housing and Urban Planning has signed eight agreements worth OMR150 million ($389.59 million) to build real estate projects and integrated service stations across the country, state-run Oman News Agency reported. The deals include the construction of an integrated city in Al Amerat on an area of more than 445,000 sq m. The […] January 5, 2023 Posts navigation
Energy Oman’s OQ unit signs LNG off-take pact with Mexico A subsidiary of state-owned OQ Group, Oman’s energy conglomerate, has signed an agreement to offtake liquefied natural gas (LNG) from Mexico for supply to the Asia Pacific region. The Dubai-based OQ Trading (OQT) has entered into a binding heads of agreement with Mexico’s Amigo LNG SA de CV for long-term supply of LNG, targeting the […] September 1, 2024
Trade Oman-China trade value hits $15bn Bilateral trade between Oman and China increased by 8 percent year on year in the first five months of 2024, reaching more than $15 billion, according to local media. Officials said during an Omani-Chinese friendship forum in the southern city of Salalah that the major joint projects with China currently being implemented in Oman are […] August 9, 2024
Oil & Gas European regulator approves Oman’s $1.6bn LNG project The European Commission has approved a $1.6 billion liquefied natural gas (LNG) project in Oman’s Sohar Port. The project, which is being jointly developed by Oman energy investment company OQ and France’s TotalEnergies, is unlikely to raise competition concerns due to its limited impact on the European economic area, the Oman Daily Observer reported, quoting […] August 5, 2024
Energy Oman to expand LNG output with new facility Oman is building a new liquefied natural gas facility to expand its natural gas exploration and production. It will be built next to the existing Qalhat LNG complex, with an estimated production capacity of 3.8 million metric tonnes per annum (mtpa), the state-run Oman News Agency reported. The facility will increase the sultanate’s LNG production […] July 29, 2024
Energy Oman signs LNG supply pact with Turkey’s Botas State-backed Oman LNG has signed an agreement with Turkey’s Botas Petroleum Pipeline Corporation to supply one million metric tonnes per annum (mtpa) of liquefied natural gas (LNG) for 10 years. The agreement will commence in 2025, the state-run Oman News Agency reported. Hamed Mohammed Al Nu’amani, CEO of Oman LNG, said the agreement with Botas […] April 21, 2024
Energy Oman signs LNG supply pact with Germany’s Sefe State-backed Oman LNG has signed a three-year pact to supply 0.4 million metric tonnes per annum (mtpa) of liquefied natural gas (LNG) to German headquartered Sefe Secure Energy for Europe (Sefe) from 2026. The binding term sheet was signed in August 2023, with the formal agreement being signed during the Berlin Energy Transition Dialogue 2024, […] March 24, 2024
Energy Oman signs 9-year LNG supply deal with BP State-owned Oman LNG has signed an agreement to deliver one million metric tonnes per annum of LNG to British oil and gas major BP. Starting in 2026, the LNG will be delivered to BP for nine years, the state-run Oman News Agency reported. Hamed Al Naamany, CEO of Oman LNG, said that the expected revenues […] November 23, 2023
Banking & Finance Cautious Oman’s SWF outperforms global markets Oman Investment Authority’s cautious approach to public market investing enabled it to significantly outperform global benchmarks last year, the sovereign fund’s annual report revealed on Wednesday. These gains helped the OIA, which was created in June 2020 following a government reshuffling of state-owned assets, to increase its portfolio value to OMR 17.9 billion ($46.5 billion) […] August 3, 2023
Construction Oman signs $390m agreements to develop integrated cities Oman’s Ministry of Housing and Urban Planning has signed eight agreements worth OMR150 million ($389.59 million) to build real estate projects and integrated service stations across the country, state-run Oman News Agency reported. The deals include the construction of an integrated city in Al Amerat on an area of more than 445,000 sq m. The […] January 5, 2023
