Oman to provide 1.1 mln LNG tons per year for Singapore

MUSCAT, Jan 20 (KUNA) -- Oman's LNG and BP Singapore Ltd announced Saturday the signing of a major Sales and Purchase Agreement (SPA) for the supply of LNG to BP Singapore for seven years.
Oman will provide 1.1 million tons of LNG per annum to BP Singapore as of January 2018, Mohammad Al-Rumhy, Minister of Oil and Gas, Chairman of Oman LNG, said in a statement. He did not elaborate on the value of the agreement.
"This new agreement will not only unlock additional reserves but will also sustain our LNG business and expand our LNG business. Oman will continue to be a global preferred destination for sourcing clean energy," he said.
"The revenues from this transaction will benefit Oman's national economy and boost our GDP, will also boost efforts towards In-Country Value and Corporate Social Responsibility, all of which are significant drivers to the socio-economic fabric of the Sultanate," he added. (end) me.bs