Two-party agreement to develop LNG liquefaction plant in SOHAR Port

Two-party agreement to develop LNG liquefaction plant in SOHAR Port

SOHAR Port and Freezone has signed a sub-usufruct agreement with Marsa Liquefied Natural Gas LLC, a joint venture between Total Energies EP Oman Development B.V. and OQ, for the development of an LNG liquefaction plant in SOHAR Port. This project is set to significantly reduce the industry’s carbon footprint, advance SOHAR as a forerunner in […]SOHAR Port and Freezone has signed a sub-usufruct agreement with Marsa Liquefied Natural Gas LLC, a joint venture between Total Energies EP Oman Development B.V. and OQ, for the development of an LNG liquefaction plant in SOHAR Port.

This project is set to significantly reduce the industry’s carbon footprint, advance SOHAR as a forerunner in the global green energy revolution and establish SOHAR Port as the first LNG bunkering hub in the region.

The LNG bunkering project boasts a distinct commitment to sustainability as the first of its kind powered by 100 percent solar electricity, reiterating its status as a beacon of renewable energy innovation. With a total investment of $1.6 billion and an expansive land area spanning 44.5 hectares, this transformative project epitomizes the region’s bold vision for a greener, more sustainable future.

Sergio Giorgi, Managing Director and Country Chair, Marsa LNG LLC Interim CEO, stated that,