Oman signs 15-year deal with Amigo LNG to diversify LNG supply sources

OQ Trading has signed a long-term sales agreement with Amigo LNG in Mexico to purchase 0.6 million tonnes of liquefied natural gas annually, with deliveries scheduled to begin in 2028.

Share:

OQ Trading, the international energy and commodity trading arm of the Government of Oman, has entered into a 15-year liquefied natural gas (LNG) sales and purchase agreement with Amigo LNG S.A. de C.V., the Mexican subsidiary of Singapore-based LNG Alliance. The agreement covers an annual volume of 0.6 million tonnes, delivered on a Free On Board (FOB) basis from the Guaymas export terminal in the state of Sonora, Mexico.

Diversification beyond the Middle East for Oman

This partnership marks a strategic milestone for OQ Trading, which aims to broaden its LNG supply sources beyond the Middle East and Asia. Initial deliveries are expected to commence in the second quarter of 2028. The terminal’s location on Mexico’s Pacific coast provides direct maritime access to Asian markets, reducing shipping times and enhancing logistical flexibility.

Wail Al Jamali, Chief Executive Officer of OQ Trading, stated, “This agreement represents a major step forward in our strategy to develop a global LNG portfolio.” He added that the deal strengthens the company’s energy supply chain resilience.

Production capacity and Mexican institutional support

Amigo LNG’s facility, with a planned nameplate capacity of 7.8 million tonnes per annum, forms part of the Mexican Navy’s (Secretaría de la Marina, SEMAR) modernisation initiative for the Port of Guaymas. The project is also officially backed by the State of Sonora as part of its Plan Sonora gas strategy.

The agreement also marks a commercial milestone for Amigo LNG, enhancing its position in global markets. Muthu Chezhian, Chief Executive Officer of LNG Alliance, highlighted that the partnership demonstrates Mexico’s reliability as an energy export platform to Asia.

A new energy corridor between the Gulf and Latin America

This collaboration highlights growing energy ties between the Middle East and Latin America. By leveraging the geopolitical neutrality and logistical strengths of Mexico’s west coast, OQ Trading anticipates increasing LNG demand, particularly across the Indian subcontinent and Southeast Asia.

The project is also expected to contribute to regional economic growth in Mexico, while reinforcing OQ Trading’s international strategy outside the OPEC zone.

  • Populaires ​
Prax Group files for insolvency in the UK after losses at Lindsey refinery
Renewable energy: access improving, but financing still insufficient for Africa
The Indonesian-Chinese lithium-ion battery plant will open with 6.9 GWh in 2026
Enbridge Gas Ohio challenges tariff ruling cutting its revenues by $30mn
Natural hydrogen: France on the verge of redefining its national and European energy strategy
Strong Rise in Solar Power Reduces Summer Demand for Natural Gas
Solar power generation increased sharply in the United States in June, significantly reducing natural gas consumption in the power sector, despite relatively stable overall electricity demand.
Exxon and QatarEnergy ask US for permission to re-export LNG from October
Golden Pass LNG, jointly owned by Exxon Mobil and QatarEnergy, has asked US authorities for permission to re-export liquefied natural gas starting October 1, anticipating the imminent launch of its operations in Texas.
Delfin Midstream secures strategic agreement with Siemens Energy and Samsung
Delfin Midstream reserves gas turbine manufacturing capacity with Siemens Energy and initiates an early works programme with Samsung Heavy Industries, ahead of its anticipated final investment decision in the autumn.
DNO secures USD 500 million financing linked to Norwegian gas
Norwegian group DNO ASA signs gas offtake contract with ENGIE and secures USD 500 million financing from a major US bank to guarantee future revenues from its Norwegian gas production.
Golar LNG raises $575mn through bond issuance and repurchases shares
Golar LNG Limited has completed a private placement of $575mn in convertible bonds due in 2030, using part of the proceeds to repurchase and cancel 2.5 million of its own common shares, thus reducing its share capital.
Shell ships first LNG cargo from its LNG Canada facility
Shell Canada Energy announces shipment of the first liquefied natural gas cargo from its LNG Canada complex, located in Kitimat, British Columbia, primarily targeting fast-growing Asian economic and energy markets.
Australia considers east coast gas reservation as market pressures intensify
The Australian government is considering the establishment of an east coast gas reservation as part of a sweeping review of market rules to ensure supply, with risks of shortages signalled by 2028.
The drilling fluids industry will reach $10.7bn by 2032 driven by oil expansion and chemical innovations
The increase in oil drilling, deepwater exploration, and chemical advances are expected to raise the global drilling fluids market to $10.7bn by 2032, according to Meticulous Research.
Global small-scale LNG market to reach $31.78bn by 2030
The small-scale liquefied natural gas market is forecast to grow at an annual rate of 7.5%, reaching an estimated total value of $31.78bn by 2030, driven particularly by maritime and heavy-duty road transport sectors.
Europe extends gas storage obligations until 2027
The European Union extends gas storage regulations by two years, requiring member states to maintain a minimum fill rate of 90% to ensure energy security and economic stability amid market uncertainties.
Chevron and Energy Transfer Expand Their LNG Agreement at Lake Charles
Energy Transfer strengthens its partnership with Chevron by increasing their liquefied natural gas supply agreement by 50% from the upcoming Lake Charles LNG export terminal, strategically aiming for long-term supply security.
Woodside completes sale of 40% stake in Louisiana LNG project to Stonepeak
Woodside finalises the divestment of a 40% stake in the Louisiana LNG project to Stonepeak, injecting $5.7 billion to accelerate developments and optimise financial returns ahead of first gas delivery scheduled in 2026.
Keranic takes over Royal Helium and fast-tracks Steveville plant restart
Keranic Industrial Gas seals a sixty-day exclusivity deal to buy Royal Helium’s key assets, raise CAD9.5mn ($7.0mn) and bring Alberta’s Steveville plant back online in under fifteen weeks.
Fusion Fuel: Al Shola Gas secures AED4.4 mn ($1.2 mn) in contracts
The Irish-Portuguese company Fusion Fuel strengthens its footprint in the United Arab Emirates as subsidiary Al Shola Gas adds AED4.4 mn ($1.2 mn) in new engineering contracts, consolidating an already robust 2025 order book.
Cheniere Energy Approves Expansion of Corpus Christi LNG Terminal for 2029
Cheniere Energy validates major investment to expand Corpus Christi terminal, adding two liquefaction units to increase its liquefied natural gas export capacity by 2029, responding to recent international agreements.
LNG industry could reduce emissions by 60%, according to IEA
A study by the International Energy Agency reveals that global emissions from liquefied natural gas could be significantly reduced using current technologies.
Europe accelerates gas storage filling despite declining reserves
Europe is injecting natural gas into underground storage facilities at a three-year high, even as reserves remain below historical averages, prompting maximized imports of liquefied natural gas (LNG).
Seoul freezes electricity rates amid LNG supply risk concerns
South Korea abandons plans to lower electricity rates this summer, fearing disruptions in liquefied natural gas supply due to escalating geopolitical tensions in the Middle East, despite recent declines in fuel import costs.
Russia ready to deliver liquefied natural gas to Mexico
Russia positions itself to supply liquefied natural gas to Mexico and considers expanded technological sharing in the energy sector, according to Russian Energy Minister Sergey Tsivilyov.
Israel resumes gas exports to Egypt and Jordan
Israel has partially resumed its natural gas exports to Egypt and Jordan following a week-long halt due to the closure of two major offshore gas fields, Leviathan and Karish.

LEGAL

FOSSILS

POLICY

RENEWABLE

PLUS

© XMARKET PUBLISHING

Welcome

Your subscription

Included in this subscription:

COMMUNICATE ON ENERGYNEWS