PLANS ADVANCE FOR OMANI LNG PROJECT
Omani liquefied natural gas developers have signed a contract in Muscat establishing Oman LNG LLC Co. to proceed with Oman's LNG export project.
The company will operate a 5 million ton/year liquefaction plant, transportation, and sales of LNG.
First deliveries are slated for mid-1999, with gas provided from fields recently discovered in Central Oman by Petroleum Development Oman.
Ownership interests are the Oman government 51%, Royal Dutch/Shell 34%, Total 6%, Mitsubishi and Mitsui 3% each, Partex 2%, and Itochu 1%.
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