REG-TotalEnergies SE Oman: TotalEnergies and OQEP break ground at Marsa LNG

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Oman: TotalEnergies and OQEP break ground at Marsa LNG


 * Marsa LNG will be one of the lowest carbon intensity LNG plants in the world

 * Marsa LNG will be the first marine LNG bunkering hub in the Middle East,
supporting the shipping industry’s energy transition

 

Under the patronage of His Excellency Eng. Salim bin Nasser Al Aufi, Minister
of Energy & Minerals of the Sultanate of Oman, Patrick Pouyanné, Chairman
and CEO of TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE), and Ahmed Al
Azkawi, OQ Exploration and Production CEO, celebrated the ground-breaking of
the Marsa LNG plant, in the port of Sohar, northern Oman, one year after the
Final Investment Decision
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The 1 million ton per year (Mt/y) liquefaction plant is being built by Marsa
LNG LLC, a joint company between TotalEnergies (80%) and OQEP (20%). The LNG
production, which is expected to start in the first quarter of 2028, is
primarily intended to serve the marine fuel market (LNG bunkering) in the
Gulf.

One of the lowest carbon intensity LNG plants in the world

The Marsa LNG plant is fully electrified and combined with a 300 megawatt-peak
(MWp) photovoltaic solar farm that will supply the equivalent of the plant’s
annual energy needs. Marsa LNG will therefore be one of the lowest carbon
intensity LNG plants in the world, with less than 3 kg CO(2)e/boe of scope 1
and 2 emissions. For reference, this is 90% lower than the average carbon
intensity of LNG plants in the world, which stands around 35 kg CO(2)e/boe(1).

The first marine LNG bunkering hub in the Middle East

Ideally located at the entrance to the Gulf, the Marsa LNG site has been
selected to establish the first LNG bunkering hub in the Middle East.

A charter contract for a new LNG bunkering vessel has been signed by Marsa LNG
LLC. This vessel, named Monte Shams in reference to the Jabal Shams or the
“Mountain of the Sun” in north-eastern Oman, is under construction and
will be stationed in Sohar from 2028, where it will supply LNG to a wide range
of vessels (container ships, tankers, large cruise ships).

In the maritime industry, LNG is an immediately available transition fuel
allowing a reduction of greenhouse gas (GHG) emissions by approximately 20%
compared to fuel oil. Ships using LNG in Sohar, will further reduce their GHG
emissions thanks to the low carbon intensity of the LNG production in Marsa
LNG, and local bunkering without the need to transport LNG to a distant
bunkering port.

"I'm very proud to see Marsa LNG breaking ground, alongside our longstanding
partner OQEP, and with the strong support from the Sultanate’s authorities.
This flagship project demonstrates that LNG production can be very low carbon,
contributing to making gas a long-term transition fuel. With an ambitious
technical design, we intend to set the standard and pave the way for the next
generation of low-emissions LNG plants across the world. We also offer an
effective way to support the shipping sector’s energy transition, by
providing lower-emissions marine fuel in a key location at the entrance of the
Gulf”, said Patrick Pouyanné, Chairman and CEO of TotalEnergies.

Commenting on the groundbreaking of Marsa LNG, His Excellency Salim bin Nasser
Al Aufi, Minister of Energy and Minerals, stated:

“The Ministry reiterates its steadfast commitment to supporting downstream
energy projects as a vital pillar of economic integration across the
industrial, trade, port, and logistics sectors. The Marsa LNG project, a
strategic collaboration project between OQ Exploration & Production and
TotalEnergies, embodies this commitment by developing advanced infrastructure
for supplying vessels with LNG as an alternative clean fuel.

This project marks a significant step in advancing low-emission energy
solutions, reinforcing Oman's position as a reliable regional hub for clean
maritime fuel. It aligns with the objectives of Oman Vision 2040, particularly
in sustainability and industrial innovation. Additionally, it underscores our
dedication to providing responsible energy solutions for the global shipping
sector while actively reducing its carbon footprint.

While we welcome this pioneering partnership, we affirm that investment in
downstream energy projects is a key driver of economic growth, creating
quality, sustainable job opportunities, facilitating knowledge transfer, and
developing national expertise, all of which strengthen Oman’s readiness to
meet the growing demand for sustainable energy sources".

"At OQEP, we are committed to driving innovation and sustainability in
Oman’s energy landscape. The Marsa LNG project represents a solid step
forward, harnessing cutting-edge technology and strategic collaboration to
ensure a cleaner, and affordable energy future. As the first LNG bunkering hub
in the Middle East, Marsa LNG will play a pivotal role in reducing emissions
in the shipping industry while reinforcing Oman’s position as a key player
in the global energy sector. We take immense pride in contributing to this
transformative journey—one that sets new standards for low-carbon energy
solutions", said Ahmed Al Azkawi, CEO of OQEP.

TotalEnergies in Oman

TotalEnergies has been present in Oman since 1937.

The Company launched in 2024 a flagship project, the integrated Marsa LNG
project (80%), which combines natural gas production from Block 10, a full
electric liquefaction plant of 1Mt/y capacity intended to serve as the first
LNG bunkering hub in the Middle East and a dedicated 300 MWp PV solar plant.
TotalEnergies’ oil and gas production in Oman was 65 kboe/d in 2024.
TotalEnergies produces oil in Block 6 (4%), natural gas in Block 10 (26.55%
via Marsa LNG LLC) as well as LNG through its participation in Oman LNG
(5.54%)/Qalhat LNG (2.04% via Oman LNG). On the onshore Block 11 (22.5%),
three positive appraisal wells were performed in 2023 and 2024.

The Company contributes actively to the development of renewables in the
country with currently a 600 MW portfolio and the willingness to grow further.

TotalEnergies, the world’s third largest LNG player

TotalEnergies is the world’s third largest LNG player with a global
portfolio of 40 Mt/y in 2024 thanks to its interests in liquefaction plants in
all geographies. The Company benefits from an integrated position across the
LNG value chain, including production, transportation, access to more than 20
Mt/y of regasification capacity in Europe, trading, and LNG bunkering.
TotalEnergies’ ambition is to increase the share of natural gas in its sales
mix to close to 50% by 2030, to reduce carbon emissions and aim for zero
methane emissions associated with the gas value chain, and to work with local
partners to promote the transition from coal to natural gas.

TotalEnergies supports the role of LNG in shipping’s energy transition

Marine LNG sharply reduces emissions from ships and significantly improves air
quality, in particular when at berth, for the benefit of port cities and
communities in coastal areas. Used as a marine fuel, LNG helps to cut
greenhouse gas emissions by up to 23% compared to conventional marine fuel and
has the potential to reduce emissions significantly more if bio or synthetic
LNG is used. As such, marine LNG is a more sustainable, affordable and
immediately available way of reducing emissions in the shipping sector.
TotalEnergies has actively invested in LNG bunkering infrastructure, critical
to supporting its shipping customers' adoption of LNG as a marine fuel. The
Company currently deploys three LNG bunker vessels: the Gas Agility at the
Port of Rotterdam, Netherlands, the Gas Vitality at the Port of Marseille-Fos,
France, and the Brassavola at the Port of Singapore.

About OQEP

OQEP was incorporated on 20 May 2009 and registered in the Sultanate of Oman
as a limited liability company and was then converted to an SAOC on the
Commercial Register on 15 July 2024. On October 28, 2024, OQEP successfully
listed its shares, and become a public joint stock Company.

The Company’s core business activities include extraction of crude petroleum
and natural gas, drilling of oil and natural gas wells, service activities
incidental to the extraction of petroleum and natural gas (excluding
surveying) and exploration and prospecting activities for oil or gas fields.
The Company is Oman’s largest pure-play oil and gas exploration and
production company. It is also one of the largest holders of oil and gas
reserves in Oman, producing 227,800 barrels of oil equivalent per day in 2024.
The mission of the Company is to safely and efficiently explore commercially
viable oil and gas opportunities across its contract areas in a way that can
be monetised efficiently to support the Company’s growth aspirations. The
Company’s exploration programme is designed to drive reserves replenishment
to support its future growth.

For more information about OQEP, please visit: www.oqep.om
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About TotalEnergies

TotalEnergies is a global integrated energy company that produces and markets
energies: oil and biofuels, natural gas, biogas and low-carbon hydrogen,
renewables and electricity. Our more than 100,000 employees are committed to
providing as many people as possible with energy that is more reliable, more
affordable and more sustainable. Active in about 120 countries, TotalEnergies
places sustainability at the heart of its strategy, its projects and its
operations

OQEP Contacts

Alya Al Raisi – Head of Communication and Branding

Phone: +96893204470 l Email: alya.alraisi@oqep.om
(mailto:alya.alraisi@oqep.om)

@ThisIsOQEP
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OQ Exploration & Production
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TotalEnergies Contacts

Media Relations: +33 (0)1 47 44 46 99 l presse@totalenergies.com
(mailto:presse@totalenergies.com) l @TotalEnergiesPR 
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Investor Relations: +33 (0)1 47 44 46 46 l ir@totalenergies.com
(mailto:ir@totalenergies.com)

@TotalEnergies
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Cautionary Note

The terms “TotalEnergies”, “TotalEnergies company” or “Company” in
this document are used to designate TotalEnergies SE and the consolidated
entities that are directly or indirectly controlled by TotalEnergies SE.
Likewise, the words “we”, “us” and “our” may also be used to refer
to these entities or to their employees. The entities in which TotalEnergies
SE directly or indirectly owns a shareholding are separate legal entities.
This document may contain forward-looking information and statements that are
based on a number of economic data and assumptions made in a given economic,
competitive and regulatory environment. They may prove to be inaccurate in the
future and are subject to a number of risk factors. Neither TotalEnergies SE
nor any of its subsidiaries assumes any obligation to update publicly any
forward-looking information or statement, objectives or trends contained in
this document whether as a result of new information, future events or
otherwise. Information concerning risk factors, that may affect
TotalEnergies’ financial results or activities is provided in the most
recent Universal Registration Document, the French-language version of which
is filed by TotalEnergies SE with the French securities regulator Autorité
des Marchés Financiers (AMF), and in the Form 20-F filed with the United
States Securities and Exchange Commission (SEC).

(1) Source IEA: The Oil and Gas Industry in Net Zero Transitions report from
Nov 2023.



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