Shell Plc's subsidiary, Shell Gas BV, and its partners Oman LNG LLC have signed a shareholder agreement for gas supply until 2034. Under this agreement, Shell Gas will remain the largest private shareholder of Oman LNG with 30% shares and will continue to serve as a technical advisor. Based on previously signed conditions, Shell International Trading Middle East FZE will purchase up to 1.6 million tons of GTL per year from Oman LNG from 2025 to 2034, making Shell the largest supplier of GTL to Oman LNG.
“Shell takes pride in its role as the largest private shareholder, buyer, and technical consultant for Oman's GTL,” said Zoe Younovich, Shell's integrated director of gas and exploration. “We believe the role of liquefied natural gas in the energy system will continue to grow, and this milestone further demonstrates our commitment to our integrated gas business and Oman as a key hub for Shell.”
Thanks to GTL technology, natural gas is converted into base oils for lubricants that would otherwise be derived from crude oil. Shell has combined its signature technology of active cleaning additives with patented base oil creation technology, resulting in the Shell Helix Ultra motor oil line. This oil ensures consistent engine performance in a variety of conditions, increases efficiency and engine lifespan, protects against sludge buildup, delivers additional fuel savings of up to 1.4%, and enhances protection against wear and corrosion.
