TotalEnergies, Oman Sign Agreements for Natural Gas Projects
21 Dicembre 2021 - 02:21PM
Dow Jones News
By Cristina Roca
TotalEnergies SE said Tuesday that it has signed agreements with
the government of Oman to develop and produce natural gas in the
country.
The French energy company will set up a company called Marsa
LNG, in which it will hold 80%. Oman National Oil Company, or OQ,
will hold the remaining 20%.
Marsa LNG will produce natural gas from Block 10. The plan is to
then develop a low-carbon liquefied natural gas plant in Sohar. The
plant will be powered by solar electricity and produce LNG for
bunker fuel.
Marsa LNG will hold a 33.19% interest in Block 10. OQ and Shell
Integrated Gas Oman BV hold the remaining interests in the
block.
TotalEnergies's production from Block 10 is expected to be about
24,000 barrels of oil equivalent a day in 2023.
TotalEnergies also signed with the Ministry of Energy and
Minerals of the Sultanate of Oman a sales agreement, under which
Marsa LNG will sell natural gas from Block 10 to Oman for 18 years
or until the start-up of the LNG plant.
Write to Cristina Roca at cristina.roca@wsj.com
(END) Dow Jones Newswires
December 21, 2021 08:06 ET (13:06 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
Grafico Azioni TotalEnergies (EU:TTE)
Storico
Da Feb 2024 a Mar 2024
Grafico Azioni TotalEnergies (EU:TTE)
Storico
Da Mar 2023 a Mar 2024