Union Fenosa Gas, which is 50 per cent owned by Italy’s Eni, has committed to take 50 per cent of the proposed third train’s total output of 3.3 million tonnes a year (t/y) of liquefied natural gas (LNG). The train will be built adjacent to the existing Oman LNG plant (MEED 13:12:02). The Spanish utility has also entered into an interim deal with Oman LNG to take 1.3 million t/y of LNG until the third train’s gas output becomes available in 2006 (MEED 26:11:02). The remaining LNG from the train is expected to be sold into Asian and North American markets.
A US-Japanese team of Chiyoda-Foster Wheeler & Companyhas the engineering, procurement and construction (EPC) contract for the project, which is expected to cost $600 million (MEED 17:1:03). Citbankis advising the government on the financing options for the scheme and a preliminary information memorandum is expected once the final shareholders’ agreement has been signed.