Oman LNG signs sales, purchase agreement with Japanese Kansai Electric Power

Business Wednesday 09/October/2024 17:21 PM
By: ONA
Oman LNG signs sales, purchase agreement with Japanese Kansai Electric Power

Tokyo: Oman LNG signed a Sales and Purchase Agreement (SPA) with the Japanese company Kansai Electric Power FTS PTE. Ltd.

The agreement encapsulates the offtake of 0.4 Million Metric Tonnes Per Annum (MTPA) of LNG from Oman LNG for 4 years starting from 2026.

The step aims to leverage the partnership between Oman LNG and Kansai Electric Power while expanding the reach to new buyers in Japan.

The agreement was signed by Eng. Hamad Mohammed Al Nu’amani, CEO of Oman LNG and Shinichi Kudo, CEO of Kansai Electric Power.