Shell extends partnership for Oman LNG

Date:

Share post:

Oman LNG in turn signed various agreements to secure its gas supply until 2034. The signing ceremony was held under the patronage of His Excellency Eng. Salim Al Aufi, Oman’s Minister of Energy and Minerals.

Under these agreements, Shell Gas will remain the largest private shareholder in Oman LNG, with a 30% shareholding, and continues its role as technical adviser.

“Shell is proud of its role as the largest private shareholder, off-taker and technical adviser in Oman LNG,” said Zoë Yujnovich, Shell’s Integrated Gas and Upstream Director. “We believe liquefied natural gas’s (LNG) role in the energy system will continue to grow, and this milestone further demonstrates our commitment to our integrated gas business and to Oman as a key heartland to Shell.”

In addition and based on previously signed term sheets, Shell International Trading Middle East Limited FZE will purchase up to 1.6 million tonnes per annum of LNG from Oman LNG from 2025 to 2034, making Shell the largest LNG off-taker from Oman LNG.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

spot_img

Related articles

Covestro forges ahead with transformation and strengthens competitiveness

At today’s Annual General Meeting of Covestro AG, all resolutions proposed by the Board of Management and Supervisory...

INOX Air Products commissions its first Green Hydrogen Plant

INOX Air Products (INOXAP), India’s largest manufacturer of industrial, electronic and medical gases, today announced the successful commissioning...

Transformance announces 5th Annual ESG Summit and Awards 2024, a gathering of industry leaders and professionals, On 26th April 2024 In Delhi

5th Annual ESG Summit and Awards 2024 It aims to foster collaboration, knowledge sharing, and networking opportunities. Esteemed speakers,...

Exxon Mobil forecasts increases in project spending, oil output

Exxon Mobil has outlined its plans, targeting an annual project spending range of $22 billion to $27 billion...