VOL. XLI

No. 44

2-November-1998

OMAN

Osaka Gas And Oman LNG Sign 25-Year Supply Deal

Japans Osaka Gas Company Ltd. and Oman LNG signed a long-term gassupply agreement in Muscat on 26 October. The agreement covers the purchase of some700,000 tons/year of LNG for a 25-year period. The first shipment is scheduled to takeplace in November 2000. The Osaka Gas deal includes a base price of some $2.665/mn BTU.This base price is escalated under a formula which fluctuates 95% with the average basketof...