Marsa LNG project : TotalEnergies and OQ announce final investment decision
During a significant meeting in Muscat on April 21st, Patrick Pouyanné, Chairman and CEO of TotalEnergies, together with His Majesty Sultan Haitham bin Tariq Al Said of Oman and His Excellency Eng. Salim bin Nasser Al Aufi, Minister of Energy & Minerals, reaffirmed TotalEnergies’ long-standing partnership with the Sultanate of Oman. This visit also marked the announcement of the Marsa LNG project’s Final Investment Decision, a strategic move set to solidify TotalEnergies’ position in the region and enhance Oman’s energy infrastructure.
TotalEnergies, in partnership with OQ, the Oman National Oil Company, aims to integrate various energy components into the Marsa LNG project effectively. These include an upstream gas production capability of 150 Mcf/d from the Mabrouk North-East field and a downstream LNG liquefaction facility with a capacity of 1 Mt/y located in Sohar Port. The project is expected to commence LNG production by the first quarter of 2028, catering primarily to the marine fuel market.
An integral component of the Marsa LNG project is its 300 MWp solar power plant, which will cover the entire annual power requirement of the LNG plant, substantially reducing its greenhouse gas emissions. TotalEnergies’ commitment to environmental sustainability is evident as the project sets to achieve a GHG intensity of less than 3 kg CO2e/boe, a stark contrast to the average 35 kg CO2e/boe in existing LNG plants.
The Marsa LNG project is expected to generate significant long-term employment opportunities and socio-economic benefits for Sohar and the surrounding regions. It also positions the project as a pioneering initiative for future low-emission LNG plants globally.
In addition to environmental benefits, Marsa LNG aims to serve as the first LNG bunkering hub in the Middle East. This strategic positioning is anticipated to offer a viable and competitive alternative to conventional marine fuels, helping to cut down emissions across various parameters significantly.
TotalEnergies has been an active participant in Oman’s energy sector since 1937, with current operations including oil and gas production and extensive involvement in the LNG value chain. The company’s broader strategy involves balancing LNG operations with renewable energy developments, demonstrating a robust multi-energy approach to support Oman’s sustainable development.
TotalEnergies, with its launch of the Marsa LNG project alongside OQ, continues to demonstrate its leadership in integrating renewable solutions with traditional energy practices. The project not only promises to enhance Oman’s position in the global energy market but also sets new standards for sustainability in the LNG sector.
The Marsa LNG project is a testament to TotalEnergies’ innovative approach in the energy sector, merging conventional gas production with renewable energy to set a new standard for low-emission LNG production. It exemplifies the potential of integrated energy strategies in driving economic growth while advancing environmental sustainability.