Under the terms of the LNG sale and purchase agreement (SPA), Oman LNG will supply 1mtpa of LNG to bp.
Starting in 2026, the LNG will be delivered to the energy company for nine years.
The deal, which builds on earlier SPAs signed between Oman LNG and bp, is structured on a free-on-board basis.
Oman LNG CEO Hamed Al Naamany said: “The sale and purchase agreement with bp unlocks new opportunities to leverage Oman’s presence in the global energy trade. The expected revenues will not only support the national economy but also support other the energy transition, pragmatically.”
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below formBy GlobalData
The LNG JV has agreed to supply 0.4mtpa of LNG to SEFE for four years, starting in 2026.
Starting in 2025, Shell International Trading Middle East will receive 0.8mtpa of LNG for a ten-year period.
For a duration of four years, starting in 2026, OQ Trading will get 0.75mtpa of LNG from Oman LNG.