Oman LNG inks crucial shareholders and gas supply agreements

Oman LNG inks crucial shareholders and gas supply agreements

Muscat: Oman LNG, a joint venture of Oman Investment Authority (OIA), signed a crucial shareholders and gas supply agreement. These agreements solidify Oman LNG's position as a key player in the global LNG market and demonstrate its commitment to long-term growth and sustainability. Amongst the agreements signed are Oman LNG's Shareholders Agreement, Qalhat LNG's Shareholders Agreement, as well as the Gas Supply Agreement between Oman LNG and the Integrated Gas Company (IGC) for the supply of feed gas to Oman LNG. The agreements underscore the company's efforts to maximise returns and optimise further revenue generation through such sales. Oman LNG, strengthened by its reputation as a trusted worldwide energy supplier, delivers its commitments to the nation's economic development and the largest international gas venture with worldwide market access. Eng. Salim Nasser Al Aufi, Minister of Energy and Minerals said, "Oman LNG's key agreements reaffirm Oman's reputation as a reliable and credible LNG supplier on an international scale. It comes to highlight Oman LNG's role in fostering global energy cooperation through developing partnerships with major international firms while optimising the utilisation of the natural resources as per Oman Vision 2040."The importance of these agreements revolves around their role in bolstering the