TotalEnergies backs Oman LNG's decarbonization: French multi-energy giant TotalEnergies has committed to financing the decarbonization efforts of Oman LNG as part of the latter’s aim of becoming a low-carbon LNG producer, Oman Daily Observer reports. The commitment comes off the back of recent agreements with TotalEnergies to extend its 5.5% shareholder interest in Oman LNG for 10 years from 2024. Total will also increase its indirect interest in the adjoining Qalhat LNG by five years.

A step further: The agreements saw shareholders pledge to finance Oman LNG's initiatives to reduce emissions, the news outlet writes. Similar agreements were also signed with the Oman Investment Authority and a consortium including Shell Gas BV, Korea LNG, Mitsubishi Corporations, and others. A key initiative being promoted is the Sur Hydrogen and Energy Transition Cluster, which mainly promotes hydrogen use to help decarbonize industries.

Capitalizing on Oman's hydrogen potential: A feasibility study for the Sur initiative estimated its production capacity at 480 tons of hydrogen daily, allowing industries to switch to hydrogen and save natural gas volumes, according to the news outlet. “This would allow us to reduce our own gas consumption to power our plants, and dedicate the excess gas for LNG. We will shift from gas turbines to gas engines that can be enabled to run on green hydrogen,” Oman LNG CEO Hamad Al Naamany said.

About Oman LNG: Oman Liquefied Natural Gas (Oman LNG) is a joint venture company established by a royal decree in 1994 in Sur, Oman. The Company produces and sells Liquefied Natural Gas (LNG) and its by-product, Natural Gas Liquids (NGLs).