Oman signs contract to export gas with US company

Omani official sources said that Oman's company for liquid natural gas (LNG) signed yesterday an agreement to sell 1.38 million cubic meters of liquid natural gas to the Coral Energy Resources, L.P., adding that the Omani company signed an agreement to export 11 cargoes, each of which is 125,000 cubic meters of LNG, to the US company, which handles marketing the energy products of the Shell Company.

The sources did not specify the value of the transaction and said the cargo will be delivered during the years 2000 and 2001.

The government owns 51% of the shares of Oman's company for liquid natural gas, while the rest is owned by the French Total company, the Korean Company for Gas, Paricks, Mitsubishi, Mitsuoi and Itoshu companies.