SOHAR Port and Freezone has entered into a sub-usufruct agreement with Marsa Liquefied Natural Gas LLC, a joint venture between Total Energies EP Oman Development B.V. and OQ, to construct an LNG liquefaction plant within SOHAR Port in Oman.
According to the statement, this initiative is poised to significantly diminish the industry’s carbon footprint, propel SOHAR as a leader in the global green energy movement, and establish SOHAR Port as the primary LNG bunkering hub in the area.
“At Marsa, we`re dedicated to driving impactful changes and embracing sustainable solutions that deliver both environmental and economic dividends. The LNG bunkering project exemplifies our shared dedication to pioneering innovation and sustainability. We’re honoured to collaborate with SOHAR Port on this pioneering initiative that promises to shape the future of our industry,” commented on this agreement, Sergio Giorgi, managing director and country chair, and interim CEO of Marsa LNG LLC.
With a total investment of US$1.6 billion and an extensive land area spanning 445,000 m², this transformative project highlights the region’s ambitious aspirations for a cleaner, more sustainable future, according to the statement.
“The signing of the sub-usufruct agreement represents an important milestone for the Marsa LNG project, the region’s first LNG bunkering hub. This global collaboration is a testament to our consistent steps and unified goals toward supporting economic growth in the Sultanate of Oman in line with Oman Vision 2040 and the national agenda to achieve carbon neutrality by 2050,” said Ahmed Al Azkawi, chief executive upstream at OQ Exploration and Production LLC.
