This website uses cookies primarily for visitor analytics. Certain pages will ask you to fill in contact details to receive additional information. On these pages you have the option of having the site log your details for future visits. Indicating you want the site to remember your details will place a cookie on your device. To view our full cookie policy, please click here. You can also view it at any time by going to our Contact Us page.

Oman seals Chinese liquefied natural gas deal

01 October 2008

Oman has signed a deal to sell liquefied natural gas to China National Offshore Oil Corporation (CNOOC) an Omani daily newspaper has reported. Qalhat LNG has apparently signed a master sale and purchase agreement but further details were not forthcoming.

Qalhat LNG has capacity to produce around 3.3 million tonnes per year, a third of Oman's 10 million tonne/yr LNG capacity. Some of that capacity has lain idle as the country has prioritised meeting domestic demand above export commitments.

Qalhat LNG is 46.84% owned by the government of Oman, 36.8% owned by Oman LNG and 7.36% owned by Union Fenosa Gas. Japanese companies hold the rest.

Oman, like its neighbours in the world's top oil-exporting region, has seen gas demand surge as an economic boom feeds both power consumption and industrial growth.


Contact Details and Archive...

Print this page | E-mail this page