France’s energy major TotalFinaElf has signed a contract for the purchase of six cargoes of liquefied natural gas (LNG) from Oman LNG (OLNG). To be delivered on an ex-ship basis (DES), the Sultanate’s Lakshmi Vessel will be used to transport the order, reported Times of Oman.
DES transactions designate the seller to cover the cost of the delivery of goods onto the vessel. The buyer assumes the unloading fee, import customs clearance, payment of customs duties and taxes, cargo insurance, and other costs and risks.
OLNG is a joint venture 51 percent controlled by the government of Oman, 30 percent by the Royal Dutch/Shell Group, 5.5 percent by TotalFinaElf with the remaining shares distributed between Korea LNG, Partex, Mitsui and Itochu. The company’s plant is located in Qalhat in the province of Sur. — (menareport.com)
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