The French energy group TotalEnergies and the Oman National Oil Company OQ have announced the Final Investment Decision (FID) of the Marsa LNG project in Oman and officially launched the integrated project through their joint company Marsa Liquefied Natural Gas (80% TotalEnergies and 20% OQ).
The project includes the production of 4.25 mcm/d of natural gas, coming from Marsa's 33.19% stake in the Mabrouk North-East field on onshore Block 10. The block began production in January 2023 and reached plateau in April 2024. The FID allows Marsa LNG to extend its rights in Block 10 until its term in 2050. The project also includes building a 1 Mt/year LNG liquefaction plant at Sohar port, with production expected to start at the beginning of 2028 to serve the marine fuel market in the Gulf; TotalEnergies has signed a Sale and Purchase Agreement (SPA) with Oman LNG to offtake 0.8 Mt/year of LNG for 10 years from 2025. Finally, the project includes a dedicated 300 MW PV solar plant to cover 100% of the annual power consumption of the LNG plant; TotalEnergies is also in an advanced stage of discussions with OQ Alternative Energy to jointly develop a renewable power project portfolio of up to 800 MW, including the 300 MWp solar project that will supply Marsa LNG.
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