Oman LNG pens supply deals with three Japanese companies
State-owned Oman LNG on December 27 announced it had signed binding term sheet agreements to deliver a total of 2.35mn metric tons/year of LNG to three Japanese companies.
Oman LNG will supply 0.8mn mt/yr of LNG each to Itochu Corporation and Jera while Mitsui & Co. will buy 0.75mn mt/yr of the commodity. The deliveries to these companies will begin in 2025.
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“These agreements come as a foundation stone for Oman LNG's Beyond 2024 plans, where it seeks to leverage its global market access and explore new business opportunities to support the national economy,” the company said on Twitter.
Oman LNG is 51% owned by the government of Oman, 30% by Shell, 5.4% by Total, 5% by Kogas, and Japanese and Omani firms own other stakes of under 3%.