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Oman’s OQ unit signs LNG off-take pact with Mexico

By Pramod Kumar
Water, Waterfront, Nature 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.

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