Business | Oil & Gas
Oman will supply LNG to China
Oman has signed a deal to sell liquefied natural gas (LNG) to China's top offshore oil company CNOOC, an Omani daily newspaper reported on Monday.
- Reuters
- Published: 23:53 September 22, 2008
Muscat: Oman has signed a deal to sell liquefied natural gas (LNG) to China's top offshore oil company CNOOC, an Omani daily newspaper reported on Monday.
The Oman Observer said Qalhat LNG signed a master sale and purchase agreement, but gave no details.
Qalhat LNG has the capacity to produce around 3.3 million tonnes per year, a third of Oman's 10 million tonnes per year LNG capacity. Some of that capacity has been idle as the country has prioritised meeting domestic demand above exports.
Qalhat LNG is 46.84 per cent owned by the government of Oman.
Business Editor's choice
-
‘Wrong Way' Krugman
The source of our economic malfunction lies with government-mandated bank regulations
-
Greek exit could make Eurozone stronger
Departure will show limits of bailouts and allow remaining members to act much more like a unit
-
UAE upholds values of free trade
Recently released statistics confirm an established fact, namely that of the UAE embracing the free trade principle in general and imports in particular
