Market Chatter: BP, Shell, Others Sought by Oman for Investment in Latest LNG Project

MT Newswires Live12-11

BP (BP), Shell (SHEL), TotalEnergies (TTE), and other companies that produce gas in Oman will be invited for discussions in Q1 next year about investing in the country's next liquefied natural gas production facility, Bloomberg News reported Wednesday, citing Energy Minister Salim Al-Aufi.

The government holds majority stakes in Oman's three operational LNG production facilities, however, only companies that can commit gas supplies to the plant will be eligible for an equity stake in the country's fourth LNG train, the report said.

Oman is conducting a study for the 3.8-million-ton-per-year train near existing facilities in Qalhat and if it comes online, it will bring the country's LNG production capacity to 15.2 million tons a year, according to Bloomberg.

The three companies did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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