Oman signs deal with Japanese banks for LNG carriers

Eric Watkins
Senior Correspondent

LOS ANGELES, Mar. 23 -- Oman has signed an agreement with the Japan Bank for International Cooperation (JBIC) and Mizuho United Bank for $240 million to finance its interests in two 145,000 cu m LNG carriers.

The LNG carrier Nizwa will enter service in December, according to Ahmed bin Abdul-Nabi Macki, Oman's National Economy Minister, who signed the agreement.

Macki, also deputy chairman of the Financial Affairs and Energy Resources Council and chairman of Oman Maritime Transport Co., said OMTC owns 60% of the Nizwa, while Itochu Co. and Mitsui OSK own a combined 40%. The LNG carrier Ibri will enter service by mid-2006, Macki said.

OMTC has plans for six LNG carriers, two of which—the Muscat and the Sohar—have already entered service.

Oman is adding a third train, with capacity of 3.7 million tonnes/year, to its liquefaction plant at Sur, bringing total capacity of the facility to 10.3 million tonnes/year (OGJ, June 30, 2003, p. 68).

Related Articles

Cheniere, Endesa sign Corpus Christi LNG deal

04/02/2014 Corpus Christi Liquefaction LLC, a subsidiary of Cheniere Energy Inc., has signed an LNG sale and purchase agreement (SPA) with Spanish multination...

Senate Republicans introduce energy amendment to jobs bill

04/02/2014 Three Republican members of the US Senate Energy and Natural Resources Committee introduced legislation that would approve the Keystone XL crude oi...

OGJ Newsletter

03/31/2014

International news for oil and gas professionals

LNG exports' immediate geopolitical impacts limited, senators told

03/31/2014

Direct geopolitical impacts from the US authorizing LNG exports more quickly would be limited, witnesses told a US Senate committee.

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected