(Boursier.com) – TotalEnergies has signed a series of agreements with the Ministry of Energy and Minerals of the Sultanate of Oman for the sustainable development of the country’s natural gas resources.
These agreements include:
– The creation of Marsa LNG, an integrated joint venture between TotalEnergies (80%) and Oman National Oil Company, OQ (20%). Marsa LNG will produce natural gas from Block 10, with a view to subsequently developing a low-cost LNG plant in Sohar.
carbon intensity, powered by solar electricity, for the production of marine LNG bunker fuel.
– A concession agreement on block 10, to develop and produce natural gas from this block. Marsa LNG will hold a 33.19% stake in Block 10, together with its partners OQ and Shell Integrated Gas Oman BV (operator). TotalEnergies’ production from Block 10 is expected to reach around 24,000 boe / d in 2023.
– A gas sales contract, under which Marsa LNG will sell its production of natural gas from Block 10 to the Government of the Sultanate of Oman, for a period of 18 years or until the start-up of the Marsa LNG plant.
“We are pleased to sign these agreements with the Sultanate of Oman and to continue to develop our activities in the country while contributing to developing the energy sector there in a more sustainable manner” declared Laurent Vivier, Middle East and Africa Director. of the North, Exploration and Production, of TotalEnergies.
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