ALBAWABA- Oman LNG has inked a decade-long liquefied natural gas (LNG) supply pact with Shell, marking a significant move to meet soaring global energy demands. Under the agreement, Oman will supply up to 1.6 million metric tonnes of LNG annually, slated to kick off in 2025, according to the Oman News Agency.
Hamad Al Numani, CEO of Oman LNG, hailed the deal as a catalyst for fostering global cooperation, enhancing the company's stature as a dependable LNG provider.
This accord builds upon the enduring partnership between Oman LNG and Shell, extending beyond 2024, reinforcing Shell Gas' pivotal role as the largest private stakeholder in Oman LNG, with a 30% ownership share and continuing as a technical advisor.
The agreement fortifies Oman's position as the Middle East's second-largest LNG exporter, aligning with Shell's projection of doubling LNG demand by 2040, driven by China's coal-to-gas shift and rising demand in South Asia and Europe.
“Palestinian membership risks turning UN Security Council into 'Terrorist Council': Israel warnsOman's LNG venture with Shell bolsters its energy portfolio, ensuring flexibility and reliability to meet evolving global energy needs.
