(RTTNews) – TotalEnergies (TTE) announced on Thursday the signing of an amendment with its joint venture Oman Liquefied Natural Gas to extend its stake by 10 years. In addition, the agreement will expand its participation in the Qalhat LNG project for years. TotalEnergies owns a 5. 54% stake in Oman LNG, which is majority-owned through the government of the Sultanate of Oman.
Oman’s LNG liquefaction complex includes two liquefaction exercises with a capacity of 3. 8 million tonnes of LNG per year. The Qalhat LNG allocation has an activity of 3. 8 Mtpa and the total production of the site is 11. 4 Mtpa.
TotalEnergies said the parties had agreed to fund investments to reduce GHG emissions from the plant during the extension.