Oman LNG signs 10-year gas supply agreement with Swiss energy group
Muscat – Oman LNG has signed a long-term gas supply agreement with Mercuria Energy Group, a Switzerland-based global leader in independent energy and commodity trading.
The 10-year natural gas sale and purchase agreement will see the supply of 800,000 metric tonnes of LNG per year, with deliveries set to begin in April, according to a report from the Oman News Agency.
This agreement highlights Oman LNG's commitment to providing reliable and sustainable energy to global markets while ensuring the efficient and consistent supply of LNG.
Mercuria Energy Group is a global commodity trading company, involved in a range of energy markets, including crude oil, refined petroleum products, natural gas, bioenergy, base metals, and agricultural products.
Hamed bin Mohammed al Naamany, Chief Executive Officer of Oman LNG, explained that the agreement will help drive the company's expansion by fostering a partnership with Mercuria Energy Group and providing greater market access. He reaffirmed Oman LNG's dedication to offering energy solutions that bolster global energy security and promote sustainability.
Marco Dunand, Chief Executive Officer of Mercuria Energy Group, said, 'This partnership aligns with Mercuria's strategy to expand its portfolio in the LNG sector and meet growing market demands.'
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