Energy Oman’s OQ unit signs LNG off-take pact with Mexico By Pramod Kumar September 1, 2024, 7:06 AM Oman News Agency OQT will deliver LNG to its customers within the Asia Pacific region, said Wail Al Jamali, CEO of OQT 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 rapidly growing Asian market. “The offtake represents a significant step in the growth of our LNG portfolio, allowing us to deliver LNG to our customers within the Asia Pacific region,” said Wail Al Jamali, CEO of OQT. Amigo LNG is a large-scale 7.8 million tonnes per annum (mtpa) liquefaction and export facility on Mexico’s west coast. Details of the deal were not given. In July, Oman announced plans to build a new LNG facility to expand its natural gas exploration and production. The plant will be built next to the existing Qalhat LNG complex, with an estimated production capacity of 3.8 mtpa. The project is expected to be completed and operational by 2029. Register now: It’s easy and free AGBI registered members can access even more of our unique analysis and perspective on business and economics in the Middle East. Why sign uP Exclusive weekly email from our editor-in-chief Personalised weekly emails for your preferred industry sectors Read and download our insight packed white papers Access to our mobile app Prioritised access to live events Register for free Already registered? Sign in I’ll register later
