Merger talks between #Oman LNG & #Qalhat #LNG
Two major LNG firms in Oman are in talks of a merger which could be sealed within the next 6 to 12 months. Oman LNG’s General Manager and CEO, Dr Brian Buckley, said that a merger could give the Sultanate more weight in the global LNG market. A potential union would not only cut costs, but also address perceptions of competition between the two majority government-owned LNG firms.
This highlights tentative efforts by authorities to bring Petroleum Development Oman (PDO) and other government-run energy firms under the auspices of the state-owned energy investment firm Oman Oil Company (OOC) whose main purpose is to generate local investments and increase domestic employment rate.
For a chance to meet Dr. Brian Buckley, join us at the LNG Outlook Asia 2012 where supply and demand for LNG buyers and suppliers will be discussed. It will be on the 16-19th of April 2012 in Marina Bay Sands Singapore. This event will bring together senior executives from LNG companies to talk about LNG strategy and partnership.
To be involved, register here.
For more information, visit www.terrapinn.com/lng or e-mail natalie.tarin@terrapinn.com
