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Revealed by Jessica Casey,
Editor
LNG Business,
TotalEnergies has signed an modification to increase its partnership with Oman LNG, an Omani LNG three way partnership through which the corporate holds a 5.54% stake.
Situated on the northeast coast of Oman, the Oman LNG liquefaction advanced contains two liquefaction trains, every with a capability of three.8 million tpy of LNG. It’s adjoining to the Qalhat LNG mission, comprising one 3.8 million tpy prepare, and through which Oman LNG holds a stake. This brings the location’s complete manufacturing to 11.4 million tpy.
By way of this settlement, TotalEnergies is extending past 2024 its curiosity in Oman LNG, by 10 years, and in Qalhat LNG, by 5 years. The events agreed to finance investments to cut back the plant’s greenhouse fuel emissions throughout this extension. In January 2023, TotalEnergies had additionally signed an settlement with Oman LNG to offtake 0.8 million tpy of LNG for 10 years from 2025, making the corporate one of many predominant offtaker of Oman LNG’s manufacturing.
“We’re happy to increase our partnership with Oman LNG. This LNG contributes to our provide of Europe and Asian markets, and strengthens our built-in and versatile world portfolio, consistent with TotalEnergies’ ambition to extend its LNG manufacturing and long-term purchases by 50% by 2030,” stated Julien Pouget, Senior Vice President Center East & North Africa, Exploration & Manufacturing at TotalEnergies.
Learn the article on-line at: https://www.lngindustry.com/liquid-natural-gas/03112023/totalenergies-extends-partnership-with-oman-lng/
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