What Marsa LNG does

Marsa LNG is a joint venture between TotalEnergies (80%) and OQ Exploration & Production (20%) developing the Middle East's first LNG bunkering hub at Sohar Port and Freezone in Oman. The $1.6 billion project comprises a 631-tonne LNG storage tank (with roof raised using air-raising construction technology executed by contractor CB&I), bunkering infrastructure, and the dedicated chartered LNG bunkering vessel Monte Shams, expected to operate from 2028. As of February 2026, construction was approximately 39% complete, with commissioning scheduled for Q2/Q3 2028.

The venture derives dual income from Block 10 upstream assets through direct gas sales and LNG sales from the bunkering operation. Its primary customer segment is the maritime shipping industry, which currently lacks LNG bunkering infrastructure in the Middle East; industrial energy consumers form a secondary segment via gas sales agreements. The November 2025 Natural Gas Sales Agreement with Integrated Gas Company (covering Block 65 and the Marsa LNG Project) and the 300 MW renewable energy partnership with OQ Group extend the venture's footprint beyond pure bunkering into upstream gas supply and clean energy development. The project is strategically aligned with Oman Vision 2040 energy transition objectives and positions Sohar as a prospective regional LNG hub.

Marsa LNG does not generate disclosed revenue at present; the bunkering hub remains pre-commissioning. The business model is B2B infrastructure-based, monetized through transaction-level LNG bunkering fees and upstream gas sales, with pricing details not publicly disclosed. Operational technology is centered on cryogenic LNG storage and bunkering-vessel logistics rather than software or AI, and the venture has no disclosed app, API, or proprietary digital platform.

Name

Marsa LNG

Legal name

Marsa LNG

Website

https://marsalng.om

Company type

Private

Founded year

2024

Operating status

Operating

Short description

Marsa LNG is a TotalEnergies (80%) and OQ Exploration & Production (20%) joint venture developing the Middle East's first LNG bunkering hub at Sohar Port, Oman, serving the maritime shipping industry with LNG fuel and generating gas sales revenue from Block 10.

Ownership category

akta.pro rank

Product category

LNG Bunkering Infrastructure

akta.pro primary industry

LNG Bunkering (Ship-to-Ship, Truck-to-Ship, Terminal) (TLAHAKAB)

akta.pro secondary industries

LNG Import/Export Terminals (Liquefied Natural Gas) (TLAHABAL), LNG Import/Export Terminals & Storage (Regas, Peak Shaving, Small-Scale LNG) (EUALAEAD), LNG Storage, Terminals & Bunkering (Peak Shaving, Small-Scale LNG) (EUALAFAD), LNG Marine Shipping & Bunkering (EUAAACAH)

Keywords

• LNG bunkering services
• Natural gas sales
• Marine fuel supply
• LNG storage infrastructure
• Energy infrastructure development

Headquarters

HQ city

Muttrah

HQ country

Oman

HQ region

Middle East

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Supply Chain, Operations, Personnel, Technology or R&D

Revenue model

1. LNG Bunkering Sales: The venture derives dual income from Block 10 through direct gas sales and LNG sales from the bunkering project at Sohar Port.
2. Direct Gas Sales: Revenue from direct natural gas sales through Block 10 upstream assets.

Distribution channels1 record

Core offering

Marsa LNG is developing the Middle East's first LNG bunkering hub at SOHAR Port and Freezone in Oman, comprising a 631-tonne LNG storage tank, bunkering infrastructure, and a chartered LNG bunkering vessel (Monte Shams). The venture derives dual income from upstream Block 10 through direct natural gas sales and from LNG bunkering sales to maritime vessels calling at Sohar Port, with commissioning expected in Q2/Q3 2028.

Product overview

Marsa LNG is a joint venture (80% TotalEnergies, 20% OQ Exploration & Production) developing a $1.6 billion LNG bunkering hub at Sohar Port and Freezone in Oman, representing the Middle East's first LNG bunkering facility. The project comprises a 631-tonne LNG storage tank, bunkering infrastructure, and the chartered LNG bunkering vessel Monte Shams (operating from 2028). The venture derives dual income from Block 10 through direct gas sales and LNG sales from the bunkering project, supported by natural gas sales agreements with the Integrated Gas Company covering Block 65 and Marsa LNG.

Differentiator

Problem solved

Functional benefit

Products and services

• LNG Bunkering Hub A midstream LNG bunkering facility at Sohar Port and Freezone, representing the Middle East's first LNG bunkering hub, enabling vessel refueling operations with LNG.
• LNG Storage Facility LNG storage infrastructure including a 631-tonne LNG storage tank, part of the Marsa LNG bunkering hub construction project.
• LNG Bunkering Vessel Monte Shams A dedicated LNG bunkering vessel chartered by TotalEnergies and OQ Exploration and Production, expected to operate from 2028 to serve the Marsa LNG bunkering hub.
• Block 10 Gas Production Direct natural gas sales from Block 10 upstream assets, providing gas supply that supports the Marsa LNG project's dual income model alongside LNG bunkering operations.

Quantifiable outcome

• Reduction of approximately 2,256 metric tonnes of CO2 emissions per voyage through advanced route optimization technology

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Five partnerships are on record, tiered core and flagship.

• Integrated Gas Company (IGC)coreStrategic or Co-development Partner · 3 November 2025OQEP signed Natural Gas Sales Agreements with Integrated Gas Company (IGC) involving Block 65 and the Marsa LNG Project, aimed at strengthening Oman's gas sector and supporting the country's energy transition goals under Oman Vision 2040, including the establishment of a regional LNG hub.
• TotalEnergiesflagshipStrategic or Co-development PartnerTotalEnergies holds 80% ownership in the Marsa LNG joint venture. The company is the primary operator and developer, contributing expertise from upstream assets including Block 6, Block 10, and midstream LNG operations through Oman LNG and Qalhat LNG.
• OQ Exploration & ProductionflagshipStrategic or Co-development PartnerOQ Exploration & Production holds 20% ownership in the Marsa LNG joint venture. The venture derives dual income from Block 10 through direct gas sales and LNG sales from the bunkering project. OQEP signed Natural Gas Sales Agreements with Integrated Gas Company involving Block 65 and the Marsa LNG Project.
• CB&IcoreImplementation/ SI/ Consulting PartnerCB&I is the contractor executing the Marsa LNG construction, having successfully performed the air-raising of the 631-tonne LNG storage tank roof to approximately 40 metres height.
• OQ GroupcoreStrategic or Co-development PartnerPartnership with OQ Group for building 300 MW of renewable energy projects in Oman, complementing the LNG bunkering hub development.

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Shell: Global supermajor with significant LNG production, trading, and marine bunkering operations across multiple regions including Singapore and Rotterdam. Comparable to Marsa LNG as an integrated LNG player expanding into bunkering, but at far greater scale and with a diversified portfolio.
• Engie: French multinational utility with significant LNG portfolio and marine bunkering activity, including involvement in French and European LNG bunker terminals. Comparable as an integrated LNG player with marine fuel ambitions, though serving different geographies and operating a much broader energy portfolio.
• Vopak: Global independent tank storage company with significant LNG and gas storage infrastructure worldwide, including joint LNG terminal projects. Comparable to Marsa LNG as a specialized midstream LNG storage and terminal infrastructure operator serving industrial and shipping customers.
• Petronas: Malaysian state-owned integrated oil and gas company with major LNG production, trading, and a dedicated LNG bunkering business at Port of Tanjung Pelepas. Comparable to Marsa LNG as a vertically integrated LNG value-chain player with regional bunkering infrastructure in Asia.
• QatarEnergy: State-owned LNG giant with the world's largest LNG export capacity and growing downstream/marine fuel ambitions in the Middle East. Comparable to Marsa LNG as a regional LNG value-chain participant with ambitions in bunkering, though it operates at a vastly different scale across the full LNG chain.

Direct peers

• Fluxys: Belgian independent gas and LNG terminal operator with the largest LNG bunkering capability in Northwest Europe (Zeebrugge). Directly comparable to Marsa LNG as a dedicated LNG terminal and bunkering infrastructure operator serving maritime customers.
• Pavilion Energy: Singapore-based LNG trading and bunkering company that operates one of the world's most established LNG bunker hubs. Directly comparable to Marsa LNG as a dedicated LNG bunkering infrastructure operator serving the maritime shipping segment.
• Peninsula Petroleum: Independent marine fuel supplier with a strong physical bunker network and growing LNG bunkering offering in key Mediterranean and Atlantic hubs. Comparable to Marsa LNG as a dedicated marine fuel infrastructure and distribution player focused on the shipping segment.

Regional players

• KOGAS: Korean state-owned LNG importer and terminal operator with growing interest in LNG bunkering infrastructure. Comparable to Marsa LNG as a state-aligned LNG midstream and terminal operator, though primarily serving Northeast Asian markets.
• Gasum: Nordic-based LNG and biogas supplier operating the largest LNG bunkering network in Northern Europe. Comparable to Marsa LNG as a purpose-built LNG bunkering infrastructure operator serving maritime customers, though focused on European shipping routes.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Marsa LNG