Oman LNG has signed a 10-year sale and purchase Agreement (SPA) with Swiss-based trading company, Mercuria.
Under the agreement, Oman LNG will supply the LNG on a free-on-board (FOB) basis, with deliveries of 800,000 tonnes per annum due to start this April.
Speaking at the signing ceremony, Hamed Mohammed Al Nu’amani, Oman LNG CEO, said: “We are delighted to formalise this long-term agreement with Mercuria, reinforcing Oman LNG’s reputation as a reliable LNG supplier, while also expanding across a wider portfolio of partners and market access.
“This continues to reflects our commitment to delivering energy solutions that support global energy security and sustainability,” he said.
Marco Dunand, CEO of Mercuria, added: “We are excited to establish this partnership with Oman LNG, which aligns with our strategy of expanding our LNG portfolio and meeting the evolving energy needs of our customers. We look forward to a successful collaboration that brings value to both parties.”
