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MEOG PIPELINES & TRANSPORT MEOG
Oman LNG and BOTAS
sign supply deal
OMAN OMAN LNG announced on January 30 that it year (tpy) of LNG supplies from Oman. The deals
has reached a deal with Turkey’s state-owned will begin in 2025 and will see Oman LNG pro-
energy company Botas to supply 1mn metric vide gas for terms ranging from five to 10 years.
tons per year (mtpa) of LNG beginning in 2025. Japanese Minister of Economy Yasutoshi
The deal will last for 10 years. Nishimura said on December 27 during a press
The agreement marks the latest LNG sup- conference in Muscat: “Oman LNG has a strong
ply deal for Oman LNG. On January it revealed advantage for stable supply as it does not tran-
that it had signed deals to supply a combined sit the Strait of Hormuz, [therefore] getting less
1.6 mn mtpa of LNG to Thai PTT and France’s impact from geopolitical situations.”
TotalEnergies. He added that the 2.35mn tpy would prove
The contract with PTT runs for nine years necessary as Japan “proceeds [towards] a smooth
starting in 2026, while the deal with TotalEner- transition to clean energy for the 2050 carbon
gies begins in 2025 and lasts for 10 years. neutrality target.”
It has been a busy month for Oman LNG, The volume of gas will represent an increase
with the company also reaching an agreement on the 1.9mn tonnes of LNG Japan imported
with Shell to supply 0.8 mn mtpa of LNG on Jan- from Oman during 2021.
uary 10. The deal also runs for 10 years starting The move also provides some certainty for
in 2025. Oman LNG, which will see an 18-year deal with
Meanwhile, in late December, Japanese firms Itochu expire in 2024. Other 25-year deals with
Mitsui & Co., Itochu Corp. and power supplier Korea Gas Corp. (KOGAS) and Japan’s Osaka
JERA signed agreements for 2.35mn tonnes per Gas are also set to expire in the same year.
Week 05 01•February•2023 www. NEWSBASE .com P7
