Oman LNG signs 10-yr gas supply deal with Swiss trader Mercuria

MUSCAT, Feb. 18 (Xinhua) -- Oman LNG signed here on Tuesday a 10-year Sale and Purchase Agreement with Switzerland-based energy trader Mercuria, the Oman News Agency (ONA) reported.

Under the deal, Oman LNG will supply 800,000 metric tonnes of liquefied natural gas (LNG) annually to Mercuria starting April 2025, with deliveries on a Free on Board basis, ONA said.

"We are delighted to formalize 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," said Hamed Mohammed Al Nu'amani, CEO of Oman LNG.

"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," said Marco Dunand, CEO of Mercuria.

According to ONA, the deal is part of Oman LNG's ongoing efforts to extend its reach to international markets. ■