Oman LNG signs pact with BOTAS of Turkiye
Published: 05:04 PM,Apr 19,2024 | EDITED : 09:04 PM,Apr 19,2024
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ISTANBUL: Oman LNG signed an agreement for the sale and purchase (SPA) of LNG with BOTAŞ Petroleum Pipeline Corporation (BOTAS) of Turkiye for the supply of around 1 million metric tonnes per annum (mtpa) of LNG for a period of 10 years starting in 2025.
The agreement contributes to enhancing the existing cooperation between Oman LNG and BOTAS, as well as enhancing Oman’s position as a reliable energy supplier.
In a statement, Hamad bin Mohammed al Naamany, Oman LNG CEO, said: “The agreement contributes to supporting the company’s efforts to access global markets and strengthening the national economy by facilitating ‘Delivery Ex-Shipment’ contracts, or what is known as ‘DES’, for customers throughout the European and Asian continents. "
He added: “This agreement will only enhance Oman LNG's reputation as a reliable supplier of LNG, and also demonstrates its pioneering ability to efficiently manage business operations to provide safe and sustainable energy to customers around the world.”
The agreement contributes to enhancing the existing cooperation between Oman LNG and BOTAS, as well as enhancing Oman’s position as a reliable energy supplier.
In a statement, Hamad bin Mohammed al Naamany, Oman LNG CEO, said: “The agreement contributes to supporting the company’s efforts to access global markets and strengthening the national economy by facilitating ‘Delivery Ex-Shipment’ contracts, or what is known as ‘DES’, for customers throughout the European and Asian continents. "
He added: “This agreement will only enhance Oman LNG's reputation as a reliable supplier of LNG, and also demonstrates its pioneering ability to efficiently manage business operations to provide safe and sustainable energy to customers around the world.”