Sohar: The ceremony for the Marsa LNG project took place Thursday in Sohar province, Oman, marking the launch of the largest joint investment between OQ Exploration and Production (OQEP) and TotalEnergies. The project is valued at USD 1.6 billion, with TotalEnergies holding an 80 percent stake, while OQEP retains the remaining 20 percent.
According to Kuwait News Agency, the event was held under the patronage of Eng. Salem Al-Aufi, Minister of Energy and Minerals, and attended by senior officials from TotalEnergies, international investors, and business leaders. The Marsa LNG project reflects OQEP's strategic commitment to developing Oman's energy sector in a way that delivers long-term sustainable value and marks the company's expansion into LNG bunkering, aligning with its strategy for a sustainable energy future.
The implementation of the Marsa LNG project strengthens Oman's position as a regional hub for clean marine fuel and represents a strategic partnership between OQEP and TotalEnergies. This collaboration serves as a model for successful international partnerships in clean energy projects and contributes to economic diversification policies, attracting foreign investment, and increasing In-Country Value, in line with Oman Vision 2040.
The project will supply ships with liquefied natural gas (LNG) as fuel, supporting the reduction of the maritime transport sector's carbon footprint through the establishment of low-emission infrastructure. Minister Al-Aufi emphasized the commitment to supporting downstream energy projects as a key pillar for achieving economic integration across industry, trade, ports, and logistics sectors.
Patrick Pouyanne, Chairman and CEO of TotalEnergies, expressed pride in launching Marsa LNG with OQEP, highlighting its low-carbon LNG production and contribution to the shipping sector's energy transition. Eng. Ahmad Al-Azkawi, CEO of OQEP, noted the project's role in advancing innovation and sustainability in Oman's energy sector, reinforcing the country's position in the global energy landscape as the first LNG bunkering hub in the Middle East.