TotalEnergies announces FID on Marsa LNG project in Oman
SUMMARY
The Marsa LNG project primarily targets the burgeoning LNG bunkering market in the Gulf region.
By Shardul SharmaPOSTED IN:
France's TotalEnergies has reached the final investment decision on the Marsa LNG project in Oman, it announced on April 22. This project is a joint effort between TotalEnergies and Oman’s OQ.
Scheduled to commence LNG production by the first quarter of 2028, the Marsa LNG project primarily targets the burgeoning LNG bunkering market in the Gulf region. It is envisioned to cater to the growing demand for LNG as a marine fuel. Any surplus LNG not utilised for bunkering purposes will be distributed between TotalEnergies (80%) and OQ (20%).
The project's feedstock gas, estimated at approximately 150mn ft3/day, will be sourced from Marsa's 33.19% interest in the Mabrouk North-East field, located in onshore Block 10. Block 10 has been in production since January 2023, reaching its plateau in April 2024. The final investment decision allows Marsa LNG to extend its operational rights in Block 10 until 2050.
Key engineering, procurement, and construction contracts for the LNG plant and a 165,000 m3 LNG tank have been awarded to Technip Energies and CB&I, respectively.
Furthermore, TotalEnergies and OQ Alternative Energy, the national renewable energy leader, are actively engaged in discussions to jointly develop a portfolio of renewable energy projects totaling up to 800 MW. This includes a 300 MWp solar project earmarked to supply energy to the Marsa LNG facility.
