Oman LNG, Asyad Pen Long-Term Charter Deal for Two Carriers
12.22.2023 By Tank Terminals - NEWS

December 22, 2023 [LNG Prime]- State-owned producer Oman LNG has signed a long-term deal with compatriot Asyad Shipping to charter two liquefied natural gas carriers.

 

Asyad Shipping’s parent Asyad Group revealed this charter deal in a social media post on Thursday.

The firm said that it will charter two modern 5th generation LNG carriers with a capacity of 174,000 cbm to Oman LNG.

“The agreement affirms Asyad’s commitment to boost local added value through partnering with Omani production and export companies, providing integrated logistics solutions, and cementing Oman’s position as a strategic logistics hub for major global energy players,” it said.

Asyad did not provide further information.

In December last year, Asyad Shipping ordered two 174,000 cbm LNG carriers at South Korea’s Hyundai Samho Heavy Industries.

The order is worth about $501 million, or some $250.5 million per vessel, and Hyundai Samho will deliver these vessels by June 2026.

These LNG carriers will feature GTT’s Mark III Flex membrane containment system.

According to Asyad Shipping’s website, the company operates a total of six LNG ships to support the transportation of LNG produced at the Qalhat complex in Oman.

The latest addition to its fleet was the 162,000-cbm Adam LNG, built in 2014 by Hyundai Heavy Industries.

 

Busy year for Oman LNG

Oman LNG operates three LNG trains in Qalhat with a nameplate capacity of 10.4 mtpa sourcing gas from the central Oman gas field complex.

Due to debottlenecking, the company’s complex now has a production capacity of around 11.4 mtpa.

Oman LNG, in which the government of Oman holds 51 percent, recently signed shareholding deals with international companies, including Shell and TotalEnergies.

Based on these agreements, Oman LNG’s shareholding structure will continue with Oman Investment Authority, Shell, TotalEnergies, Korea LNG, Mitsui & Co., Mitsubishi, PTTEP, and Itochu.

These agreements followed the completion of Oman LNG’s large marketing campaign aimed at renewing all of its contracts post 2024.

In November, Oman LNG signed a deal to supply 1 million metric tonnes per year of LNG to UK-based energy giant BP for a period of nine years starting in 2026.

 

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