Oman LNG has announced the signing of a Term Sale and Purchase Agreement with Vitol, a leading global energy and commodities company, further strengthening its position as a key LNG supplier to international markets.
Under the terms of the agreement, Oman LNG will supply Vitol with approximately 800,000 metric tonnes per annum of liquefied natural gas on a Delivered Ex-Ship flexible basis. Deliveries are scheduled to begin in January 2026.
The agreement underscores Oman LNG’s strategic focus on supporting global energy stability and diversification, while also reinforcing its agility in responding to evolving market dynamics. For Vitol, the deal enhances its capacity to meet growing demand from customers around the world.
Commenting on the signing, Hamed Al Naamany, chief executive officer of Oman LNG, said: “This agreement with Vitol reflects our agility and continuous adaptation to market dynamics. We are pleased to see continued positive market response to Oman’s strategy in gas and LNG. Vitol is a key portfolio trader and a trusted partner, and we are pleased to extend our cooperation through this deal which supports our long-term growth and value delivery.”
Pablo Galante Escobar, head of LNG at Vitol, added:
“Vitol has a decades-long partnership with the Sultanate of Oman on crude and products. It is an honour to extend this relationship to a term deal with Oman LNG. The Sultanate of Oman and Oman LNG are critical to ensuring the stable supply of affordable energy to global markets, and we are delighted to be working with them.”
This latest agreement builds on Oman’s growing reputation as a reliable LNG exporter, reinforcing its role in supplying cleaner energy to global markets amid increasing demand and energy transition initiatives.
For more information visit www.vitol.com
