Shell Oman Signs Agreements for Syngas and LNG Offtake; Takes Stake in Green Hydrogen Project
01.15.2023 By - NEWS

January 15, 2022 [ZAWYA] – Shell Oman to take 35% stake in Green Energy Oman


Shell Oman has signed a Letter of Intent with Oman’s Ministry of Energy and Minerals to explore the deployment of Liquified Synthetic Gas (LSG) in Oman.

LSG is produced when renewable hydrogen is combined with captured carbon dioxide to produce natural gas which is then liquefied. This low-carbon gas can be directly introduced to existing gas networks and infrastructure, including LNG plants such as Oman LNG, all the way to the point of use, said Walid Hadi, Senior Vice President, Country Chair, Shell Oman in a Linkedin post.

In another agreement, Shell Oman has taken a 35 percent stake in Green Energy Oman (GEO), the consortium that is developing the country’s largest renewable green hydrogen project in Al Wusta and Dhofar governorates, Oman. The hydrogen will be produced from up to 25 gigawatts of solar and wind energy.

Other members of this consortium include OQ (through its subsidiary Oman Energy Development), InterContinental Energy, EnerTech Holding Company, KSCC and Golden Wellspring Wealth for Trading. Worley is providing concept feasibility study services for the project.

The third agreement pertains to a long-term LNG offtake agreement. Shell Oman has signed a term sheet with Oman LNG for the purchase of 0.8 million metric tonnws per year of liquefied natural gas (LNG) for a period of 10 years, starting from 2025.

Pro Trial: Access 11,340 Tank Terminal and Production Facilities

11,340 tank storage and production facilities as per the date of this article. Click on the button and register to get instant access to actionable tank storage industry data

BASF and Stolt Tankers Introduce the Low-Water Chemical Tanker Stolt Ludwigshafen During Ship Christening Ceremony
05.29.2023 - NEWS
May 29, 2023 [Stolt-Nielsen]- On May 26, 2023, the new low-water inland tanker Stolt Ludwigshafen... Read More
Turkey, Iraq Seek to Boost Trade at Summit in Erbil
05.29.2023 - NEWS
May 29, 2023 [Rudaw]- Erbil on Sunday hosted the seventh Turkey-Iraq investment and trade summit,... Read More
Oil Supply won't be Affected by Stricter Price Cap Enforcement, IEA says
05.29.2023 - NEWS
May 29, 2023 [Reuters]-  “It may have some impact but countries once again reiterated that... Read More
Hedge Funds’ Ultra-Bearish Oil Bets Signal US Recession Angst
05.29.2023 - NEWS
May 29, 2023 [The Business Times]- MONEY managers who trade derivatives linked to oil and fuel p... Read More