Muscat – Oman LNG Wednesday signed two binding term-sheet agreements with Thailand’s PTT Global LNG and French energy giant TotalEnergies to supply a total 1.6mn metric tonnes per annum of liquefied natural gas (LNG) starting from 2025.

These new agreements solidify the partnership between Oman LNG and the global energy firms, the company said in a statement to Oman News Agency.

The signed term-sheet agreements will see Oman LNG supplying PTT Global LNG with a total volume of 0.8mn metric tonnes per annum of LNG based on a nine-year contract, starting from 2026, and 0.8mn metric tonnes per annum to TotalEnergies for a total duration of ten years, starting from 2025.

The agreements were signed by Hamad Muhammed al Nu’amani, CEO of Oman LNG, Ratchada Lertwanichwatana, managing director of PTT Global LNG and Thomas Maurisse, senior vice president of LNG at TotalEnergies.

H E Eng Salim Nasser al Aufi, Minister of Energy and Minerals was present during the signing ceremony.

The agreements reflect Oman’s efforts in providing energy to the global markets. It also complements Oman LNG’s strive to renew its contracts for beyond 2024 with a strong interest to leverage partnership with many global partners. This ensures Oman LNG sustains its position in the global LNG market and contributes to global energy security, where it currently continues delivering clean and reliable energy.

Nu’amani said, ” Signing the term-sheet agreement with PTT Global LNG and TotalEnergies enhances our efforts to further grow and strengthen our market positions including new business opportunities. Such step complements our mission to add value to the local economy through increasing capacity, and strengthening collaborations with international firms.”