The government of Oman and the Japanese trading houses, Mitsui & Company, Itochu Corporation and electricity firm Jera Co. have broadly agreed to import over 2.35 million tons of liquefied natural gas a year from the Sultanate.
Oman LNG has signed three binding sheet agreements with JERA Co, Mitsui & Co, and Itochu Corporation for the production and delivery of LNG starting from 2025.
The amount of LNG to be delivered are as follows, 0.8 MTPA to Itochu Corporation, 0.8 MTPA to JERA Co and 0.75 MTPA to Mitsui & Co.
The agreements were signed by Mr. Hamad al Nu’amani, CEO of Oman LNG, Mr. Tetsuya Yamada from Itochu Corporation, Mr. Hitoshi Nishizawa from JERA Co and Mr. Motoyasu Nozaki from Mitsui & Co., in the presence of HE Eng Salim Nasser al Aufi, Oman’s Minister of Energy and Minerals and Mr. Nishimura Yasutoshi, Japan’s Minister of Economy, Trade and Industry.
Against the backdrop of energy supply disruptions due to regional or international challenges, Japan’s oil and gas explorer, Inpex Corp., also announced the same day it has signed a 20-year agreement with Venture Global LNG to import 1 million tons per annum of LNG from the United States, one of the world’s leading LNG exporters. Japan currently imports about 1.9 million tons of LNG, or about 2.6 percent of total LNG imports, from Oman.
Oman and Japan also signed a Memorandum of Understanding (MoU) in the field of hydrogen, fuel ammonia and carbon recycling. The MoU will support efforts to accelerate cooperation, exchange information and research results and hold workshops, trade missions, site visits and working groups in the field of hydrogen, fuel ammonia and carbon recycling that includes methanation.
