Skip to content Skip to Search
Skip navigation

Oman signs 9-year LNG supply deal with BP

Starting in 2026, Oman will deliver one million tonnes of LNG per annum to BP for nine years Oman News Agency
Sefe is the first German company to purchase Omani LNG

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 will support the national economy and energy transition.

BP has been in Oman since 2007 and is a major investor within the country.

The London-based company operates Block 61 and holds a 40 percent interest. Makarim Gas Development Limited ‎‎(OQ) has a 30 percent stake, Thailand’s PTTEP (20 percent) and PC Oman Ventures Limited, a wholly owned subsidiary of Petronas, ‎owns 10 percent.

Gas from Block 61 is allocated for domestic consumption via Oman’s national gas grid and boosts feedstock supply availability for Oman LNG.

Oman LNG in October signed agreements to extend supplies to shareholders, including Shell and TotalEnergies, for up to 10 years beyond 2024, Oman News Agency reported.

Latest articles

Boat, Transportation, Vehicle

Bahri withdraws bid for Danish logistics company

Saudi shipping giant Bahri has withdrawn from the race to acquire Deutsche Bahn’s logistics unit Schenke, according to a news report. The CVC-led consortium, including Abu Dhabi Investment Authority (ADIA) and GIC, and DSV, a Danish logistics group, are the only two contenders left, Reuters reported, citing unnamed sources. Bahri’s offer was the highest at […]

Over the first half of the year Sanad Group signed deals with international airlines including Asiana Airlines and Deucalion Aviation

Mubadala-backed Sanad Group reports 53% revenue growth

Sanad Group, the Abu Dhabi-based global aerospace engineering and leasing company, has seen revenues increase by more than half over the first six months of the year. Figures released to AGBI show revenue totalling AED2.3 billion ($620 million) was reported in the first half of the year, up from AED1.5 billion over the same period […]

Malaysia’s HSS Engineers Berhad and its emirati consultancy HSS signed the deal top oversee construction with the Baghdad municipality

UAE company in joint venture to build Baghdad metro

A Malaysian engineering company and its UAE affiliate have jointly won a $316 million contract to oversee the construction of the new Baghdad metro. The building of the planned 148-kilometre network and its 64 stations across the Iraqi capital was slated to begin this month and end in 2029. This timeline might be delayed, however, […]