Oman LNG recently inked a sale and purchase agreement with TotalEnergies, one of its shareholders, to supply 800,000 metric tons of liquefied natural gas (LNG) per year. Oman LNG will supply TotalEnergies, which owns 5.54 percent of the company, for 10 years starting in 2025.
Strategic partnerships with Türkiye and Shell
Marsa LNG Project
The Marsa LNG project will utilize 150 million cubic feet of natural gas from the Mabrouk North-East field on onshore Block 10, in which the venture holds a 33.19 percent stake. This gas will serve as feedstock for the LNG plant. Moreover, this decision will allow Marsa LNG to extend its rights to Block 10 until 2050. Notably, Block 10 commenced production in January 2023 and reached a plateau this month.
Oman’s Marsa LNG project also includes building an LNG liquefaction plant with a 1 million tons per year capacity at Sohar port. The plant is expected to start production during the first quarter of 2028. In addition, the project includes a solar plan which will cover the plant’s power needs.
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Advancing renewable energy initiatives
TotalEnergies and Oman’s OQ are actively engaged in discussions to jointly develop a portfolio of up to 800 MW. This portfolio includes a 300 MW solar project to supply power to the Marsa LNG plant. This initiative underscores their commitment to integrating renewable energy solutions into LNG production processes.
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