VOL. XLV

No 23

10-June-2002

OMAN

20-Year LNG Agreement With Spain Covers HalfOutput Of Planned Third Train

Oman and Spains Union Fenosa on 30 May signed a20-year agreement under which the latter will be supplied with 1.65mn tons/yearof LNG from Oman LNG (OLNG) starting in 2006. The signature of the long-termdeal with the Spanish customer is expected to have important implications for OLNGs expansion plans. Omani Oil Minister Muhammad al-Rumhy said the agreement covered half of the output of OLNGs...