Oman LNG Signs Optimization
Agreement with Vitol Asia

Muscat, 15 May (ONA) — Oman LNG signed an agreement with Vitol Asia Pte. Ltd.
to optimize the company’s LNG supply portfolio, marking another significant
step in strengthening its global partnerships.

The signing ceremony was held
under the auspices of Eng. Salim Nasser Al Aufi, Minister of Energy and
Minerals.

The agreement, commencing in 2026, entails optimizing up to 0.8 million metric
tonnes per annum (MTPA) of liquefied natural gas (LNG) with Vitol on a
Delivered Ex-Ship (DES) basis. This collaboration builds upon Oman LNG’s
strategic portfolio and leverages the flexibility from its DES commitments,
particularly aligning with evolving market demands.

Hamed Mohammed Al Nu’amani, Chief Executive Officer of Oman LNG, commented: “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.”

On his turn, Mahmoud Abdulsatar Al Balushi,
Chief Commercial Officer of Oman LNG, added: “This optimization agreement with
Vitol is a testament to our proactive commercial strategy, enhancing our
portfolio’s adaptability and responsiveness to global market shifts. It allows
us to further capitalize on our established reputation and experience to unlock
new value.”

The signing ceremony for the
agreement was held in Muscat, reflecting the continued support of the Omani
government in advancing the nation’s strategic energy objectives.

—Ends/AG