Page 10 - GLNG Week 05 2023
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GLNG MIDDLE EAST GLNG
Oman LNG signs deal with Botas to supply
LNG beginning in 2025
OMAN OMAN LNG announced on January 30 that it Oman LNG is 51% owned by the Oman
has reached a deal with Turkey’s state-owned government, 30% by Shell, 5.4% by Total, 5% by
The deal will last for 10 energy company Botas to supply 1mn tonnes per Kogas, with Japanese and Omani firms holding
years. year (tpy) of LNG beginning in 2025. The deal stakes of under 3%.
will last for 10 years.
The agreement marks the latest LNG supply
deal for Oman LNG. On January it revealed that
it had signed deals to supply a combined 1.6mn
tpy of LNG to Thai PTT and France’s TotalEner-
gies. The contract with PTT runs for nine years
starting in 2026, while the deal with TotalEner-
gies begins in 2025 and lasts for 10 years.
It has been a busy month for Oman LNG,
with the company also reaching an agreement
with Shell to supply 0.8mn tpy of LNG on Jan-
uary 10. The deal also runs for 10 years starting
in 2025.
In late December, Oman LNG also signed a
binding agreement to provide a total of 2.35mn
tpy of LNG to Itochu Corporation, Jera, and Mit-
sui & Co. The deliveries will commence in 2025.
EUROPE
Turkey gas summit to bring together supplier
countries and Europe’s consumer countries
TURKEY TURKEY is to hold a natural gas summit on Putin proposed setting up just such a gas hub
February 14-15 that will bring together gas sup- in Turkey following mysterious explosions that
In October, Russia plier countries and Europe’s consumer countries, severely damaged Russia’s Nord Stream gas
proposed establishing Turkish Energy Minister Fatih Donmez said on pipelines under the Baltic Sea. He said the hub
Turkey as a hub for its January 30. could benefit from having the right to engage in
gas supply. “We will bring together supplier countries price-setting.
from the Middle East, Mediterranean, Caspian However, if any such hub is set up in Turkey
and Middle Asia with consumer countries from there will be concerns among those applying
Europe,” Donmez said of the event, scheduled Ukraine war sanctions to Russian gas sup-
for Istanbul. plies that there could be disguised Russian gas
Turkey is almost entirely dependent on shipments transiting out of the hub to their
imports for gas, but gas supplies from Russia, markets.
Azerbaijan and Iran, as well as liquefied natural “Our target is to bring together supplier and
gas (LNG) imports from Qatar, the US, Nigeria consumer countries and become the gas-trad-
and Algeria enter its pipelines and ports, thus ing centre where the benchmark price of gas is
Ankara has ambitions of the country becoming set,” Reuters reported Donmez as saying after
a gas supply hub. he separately announced a 10-year gas deal with
In October, Russia’s President Vladimir Oman.
P10 www. NEWSBASE .com Week 04 27•January•2023
