Oman LNG and Mercuria, two major players in the global energy and commodity trading sectors, have announced the signing of a 10-year Sale and Purchase Agreement (SPA) for LNG deliveries. Oman LNG, a leading producer and supplier of Liquefied Natural Gas (LNG) based in Oman, will supply 800,000 metric tonnes per annum to Mercuria, one of the world’s leading independent energy and commodity trading companies. The deliveries, set to begin in April 2025, will be made on a Free on Board (FOB) basis.
This deal marks a pivotal milestone in Oman LNG’s commitment to global energy security, enabling the company to further cement its position as a reliable and sustainable supplier of LNG. The long-term nature of the partnership not only strengthens Oman LNG’s strategic role in the energy market but also supports the diversification and stability of global energy supplies.
Mercuria, based in Switzerland, is a globally recognized leader in energy and commodity trading. The company’s expansive market portfolio includes crude oil, refined petroleum products, natural gas, power, biodiesel, base metals, and agricultural products. This new agreement will enhance Mercuria’s LNG capabilities and bolster its ability to meet the growing energy needs of its global customer base.
During the signing ceremony, Hamed Mohammed Al Nu’amani, CEO of Oman LNG, expressed his enthusiasm about the agreement, saying, “We are delighted to formalize this long-term agreement with Mercuria, reinforcing Oman LNG’s reputation as a reliable LNG supplier while expanding our portfolio of partners and market access. This partnership reflects our commitment to providing energy solutions that support global energy security and sustainability.”
Marco Dunand, CEO of Mercuria, echoed the sentiment, stating, “We are excited to establish this partnership with Oman LNG, aligning with our strategy to expand our LNG portfolio and meet the evolving energy demands of our customers. We look forward to a successful collaboration that brings value to both parties.”
The agreement also highlights Oman LNG’s ongoing efforts to expand its reach into international markets while maintaining the sustainable and efficient supply of LNG. With a strong dedication to operational excellence, Oman LNG continues to play an essential role in Oman’s economic development and its standing in the global energy sector.
About Oman LNG
Oman LNG LLC is a joint venture company, established in 1994 through a Royal Decree, that produces and markets Liquefied Natural Gas (LNG) and Natural Gas Liquids (NGLs). The company operates a three-train liquefaction plant at Qalhat, located near Sur in the Sharqiyah Governorate of Oman, with a nameplate capacity of 10.4 million tonnes per annum (mtpa). Ownership of Oman LNG is shared between the Government of the Sultanate of Oman (51%), Royal Dutch/Shell Group (30%), Total (5.54%), KOLNG (5%), Partex (2%), Mitsubishi (2.77%), Mitsui (2.77%), and Itochu (0.92%). The company’s mission is to liquefy, store, transport, and market Oman’s natural gas, delivering LNG to customers worldwide.
About Mercuria
Mercuria is a leading independent energy and commodity trading company with a strong reputation for compliance, risk management, and operational excellence. Headquartered in Switzerland, Mercuria operates globally, with a presence in over 50 countries across five continents. The company engages in the trading and supplying of physical commodities, as well as investing in strategic assets and offering financing and logistics services. As one of the world’s largest privately owned businesses in this sector, Mercuria has expanded through acquisitions, including the trading unit of JPMorgan Chase, Noble Group’s US gas and power business, and Aegean Marine Petroleum Network, now operating under its wholly owned subsidiary, Minerva Bunkering.
In recent years, Mercuria has committed to advancing the energy transition by investing in renewable energy, biofuels, electric vehicle infrastructure, and carbon management products. The company is also actively involved in environmental, social, and governance (ESG) initiatives, such as a program to improve the health of Earth’s oceans in partnership with Hub Ocean. Founded in 2004, Mercuria is privately owned by its founders, employees, and strategic investors, and it generates over $100 billion in annual revenues.
Source Mercuria