According to Oman LNG, the deal is for four years starting in 2026.
Under the agreement, Kansai Electric Power FTS (Kefts), a unit of Kepco, will buy 0.4 mtpa of LNG from Oman LNG.
Oman LNG said the new deal reinforces its role as a reliable global supplier and strengthens its ties with international partners.
The LNG producer did not provide further information.
Kefts said in a separate statement that this agreement “aims to grow and strengthen its LNG portfolio, which will support Kansai Electric Power Group’s LNG supply-demand situation and customers around the globe.”
This is the first deal between the two firms.
Kansai Electric uses LNG as fuel for thermal power generation, including for its Himeji No. 1 and No. 2 power stations, Nanko power station, and Sakaiko power station, according to its website.
GIIGNL data shows that the firm buys LNG from the US, Qatar, Australia, Indonesia, and UAE.
The company operates the Himeji and Sakai LNG import terminals in Japan.
Boosting capacity
Oman LNG has been very active in the last two years, signing deals and also announcing plans to expand the facility with a new train.
The new train will have a capacity of 3.8 mtpa, boosting Oman’s LNG production to 15.2 mtpa.
The company currently operates three liquefaction trains at its site in Qalhat near Sur.
In 2023, it produced 11.5 mtpa of LNG, exceeding the enhanced nameplate capacity.
Shareholders and supply deals
Last year, Oman LNG signed shareholding deals with international companies, including Shell and TotalEnergies.
Besides Oman LNG and Qalhat LNG shareholding agreements, Oman LNG, in which the government of Oman holds 51 percent, also signed a gas supply agreement with state-owned Integrated Gas Company (IGC) to extend the gas supplies beyond 2024.
Oman LNG in collaboration with its shareholders, approved the extension of the company’s operations beyond 2024 that linked these key agreements for a period of 10 years from 2025 to 2034 for Oman LNG and 2026 to 2029 for Qalhat LNG.
As a result of these deals, Oman LNG secured sales term commitments up to 10.4 mtpa through the execution of term sheet agreements with several buyers and shareholders, expanding the company’s footprint into new regions across Asian and European markets.
Earlier this year, Oman LNG signed a 10-year SPA with its shareholder TotalEnergies for 0.8 mtpa of LNG from 2025, and a 10-year SPA with Botas for 1 mtpa of LNG.
Oman LNG signed a 10-year SPA for 1.6 mtpa of LNG with its shareholder Shell, and it also signed a 10-year SPA for 0.8 mtpa of LNG with Japan’s Jera,
The LNG producer and German gas importer Securing Energy for Europe (SEFE) also finalized their previously announced LNG deal for 0.4 mtpa of LNG between 2026 and 2029.
Most recently, Oman LNG signed a 4-year sales and purchase agreement with a unit of Thailand’s PTT.
