Oman’s Shell Inks Long-Term Gas Deal
- Publish date: Thursday، 12 January 2023 | Last update: since a day
- Related articles
- Mubadala Petroleum Reveals New Brand Name 'Mubadala Energy'
- Will Petrol Prices Drop at the Gas Stations Next Month?
- France Signs Energy Deal with UAE
Omar Walid, vice president and country chair of Shell Development Oman LLC, has inked an agreement with the Ministry of Energy and Minerals, QQ, and Oman LNG. This marks the company's first long-term offtake deal in the country.
The company signed a term sheet to buy LNG from Oman LNG for 10 years. The Omani project will provide Shell with 0.8 million tonnes per year, it said.
Read More: Oman Allows Entry Under These New Rules
Read More: Third IntercityHotel opens in Oman
Read More: UAE: Protocols for Travellers from Oman
The company has also signed two other deals related focused on hydrogen. Shell entered into Green Energy Oman (GEO), a consortium working on a green hydrogen project, in the Al Wusta and Dhofar governorates.
Shell also inked a third deal that is concerned with liquefied synthetic gas (LSG) with the Ministry of Energy, and Minerals to discover LSG in the country.
The new CEO of Shell, Wael Sawan said, “looking forward to now converting these agreements to action on the ground.”