No 22



Spanish Power Firm Buys Oman LNG

Iberdrola, a power firm in Spain, announced on 21 May that it had signed a deal to buy 260,0000 cu ms of LNG from Oman worth around $20mn for delivery in 4Q 2003, with an option for further sales in the future. The deliveries will account for around 10% of Iberdrolas total annual gas consumption. Oman LNG (OLNG) has been concluding a number of short-term deals to find markets for output originally intended for delivery to the...