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Oman LNG Signed 10 Year SPA to Supply 1.6mtpa of LNG to Shell from 2025

LNG

Oman LNG has signed a deal to supply 1.6mtpa of LNG to Shell International Trading Middle East (SITME).

  • The 10 year sales and purchase agreement will start in 2025 taking Shell to become Oman LNG’s largest off-taker post 2024.
  • The deal follows the signing of a binding term sheet for 0.8mtpa in January 2023 and another 0.8mtpa in August.
  • Shell holds a 30% stake in Oman LNG.
  • Oman LNG yesterday announced a SPA with Japan’s Jera to supply up to 0.8m metric tons of LNG per year from 2025.

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