Oman LNG has announced today the signing of binding term-sheet agreements with BOTAŞ Petroleum Pipeline Corporation (BOTAS) to provide a total of 1 million metric tonnes per annum (mtpa) of LNG starting in 2025. This agreement helps to strengthen Oman LNG's partnership with different international firms in the industry, with Euro-Asia being a new preferred destination for Omani LNG.
The signed term-sheet agreements will see Oman LNG supplying BOTAS with a total volume of 1 million metric tonnes per annum of LNG based on a 10 year old contract, starting from 2025; helping to emphasise Oman LNG's role in leveraging the Sultanate of Oman's reputation and presence in the global energy trade.
Furthermore, it comes as a crucial milestone in the history of Oman LNG, where it coincides with the company's commitment to renew its contracts for Beyond 2024 with a strong interest to enhance partnership with many global partners and countries around the world; ensuring the sustainability of it's a role as a major contributor in global energy security.
The agreements were signed by Hamed Al Naamany, CEO of Oman LNG, and Burhan Ozcan - Chairman of the Board and General Manager of BOTAS Petroleum Pipeline Corporation (BOTAS) , in presence of HE Eng. Salim Al Aufi, Minister of Energy and Minerals, at Oman LNG Head Office in Muscat.
The agreements are strengthened by the reputation and credibility of Oman LNG as a reliable and trusted LNG supplier around the globe, coupled with the effective management of business processes to produce clean energy delivered to customers around the world safely and reliably. Furthermore, the LNG plant at Qalhat, in Sur, has the capacity to receive and process additional volumes, as it has initiated the Power Project and Debottlenecking Project with its capacity to 11.4 mtpa.
Speaking after the signing ceremony, Hamed Al Naamany, CEO of Oman LNG, said " Signing this term-sheet agreement with BOTAS Petroleum Pipeline Corporation supports our efforts to further develop our position in the global energy industry, and explore new business opportunities with international partners in the west. This step complements our commitment to add value to the local economy through growth and collaborations with partners such as BOTAS".