Oman LNG announced the signing of a 10-year Sale and Purchase Agreement (SPA) with Mercuria, a leading Switzerland-based trading company.
Under this agreement, Oman LNG will supply Liquefied Natural Gas (LNG) to Mercuria on a Free on Board (FOB) basis, with deliveries (800,000 metric tonnes per annum) set to commence in April 2025.
The signing ceremony marks a significant milestone in Oman LNG’s commitment to delivering reliable and sustainable energy to global markets. By securing this long-term partnership, Oman LNG reinforces its strategic role as a key supplier of LNG, contributing to the stability and diversification of global energy supplies.
Mercuria, a globally recognized trading company, is active in a broad range of energy markets, including crude oil and refined petroleum products, natural gas, power, biodiesel, base metals, and agricultural products. This agreement with Oman LNG further strengthens Mercuria’s position in the LNG trading landscape and enhances its ability to meet the growing energy demands of its customers worldwide.
The agreement underscores Oman LNG’s ongoing efforts to expand its reach in international markets while ensuring the sustainable and efficient supply of LNG. With a strong commitment to operational excellence, Oman LNG continues to play a pivotal role in contributing to Oman’s economic growth and strengthening its position in the global energy sector.
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