Marsa LNG signs deal to build plant at Sohar Port
Sohar Port and Freezone on Sunday signed a sub-usufruct agreement with Marsa Liquefied Natural Gas Company (Marsa LNG), a joint venture between Totalenergies EP Oman Development and OQ, for the development of an LNG liquefaction plant in Sohar Port.
The Marsa LNG project is poised to significantly reduce the industry's carbon footprint, advance Sohar Port and Freezone as a forerunner in the global green energy revolution, and establish Sohar Port as the first LNG bunkering hub in the region.
The LNG bunkering project boasts a distinct commitment to sustainability as the first of its kind powered by 100% solar electricity, reaffirming its status as a beacon of renewable energy innovation. With a total investment of $1.6bn and an expansive land area spanning 44.5 hectares, this transformative project epitomises the region’s bold vision for a greener, more sustainable future.
In a press statement, Sergio Giorgi, Managing Director and Country Chair, Marsa LNG Interim CEO, said, "At Marsa LNG, we are 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 are honored to collaborate with Sohar Port on this pioneering initiative that promises to shape the future of our industry."
Ahmed al Azkawi, Chief Executive – Upstream at OQ Exploration and Production, said, “The signing of the sub-usufruct agreement represents an important milestone for the Marsa LNG project. This global collaboration is a testament to our consistent steps and unified goals toward supporting economic growth in Oman in line with Oman Vision 2040 and the national agenda to achieve carbonneutrality by 2050. We are confident that the Marsa LNG bunkering facility will further solidify Sohar Port's position as a key logistic hub in the region by adding a unique yet important service to the port’s world-class services.”
Emile Hoogsteden, CEO of Sohar Port, said, "This agreement signifies a monumental step forward in our commitment to sustainable innovation. This project will undoubtedly increase vessel calls to Sohar Port for bunkering of traditional and alternative fuels, further solidifying our position as a key player in the maritime industry.”
“By harnessing renewable energy and cutting-edge technology, we're leading the charge towards greener, more efficient maritime operations that not only benefit our industry but also underscore our commitment to environmental responsibility.”