The state-owned Oman LNG Company signed an agreement with Shell Trading Company to supply 1.6 million metric tons annually for a period of 10 years starting in 2025, according to a statement carried by the Oman News Agency on Wednesday, which is considered the second such announcement in two days.

The government-owned Oman Liquefied Natural Gas Company agreed with the Japanese company Jira on Tuesday to export 0.8 million metric tons of liquefied gas annually for a period of 10 years starting next year.

The Omani Company had signed two agreements last August with Shell, the international trading company in the Middle East, and OQ Trading, which stipulated the production and delivery of more than 1.5 million metric tons of liquefied natural gas annually starting in 2025. The company also amended Shell signed an agreement last October enabling it to purchase 1.6 million tons annually of liquefied gas from the Omani company.

The International Energy Agency expects gas demand to peak by 2030, depending on the possible scenarios.

The global energy giant Shell indicated that gas consumption has exceeded its highest levels in some markets, including Europe and Japan, according to its interpretation of Wood Mackenzie data.

Middle Eastern exports are considered at risk as a result of the existing tensions in the region, in addition to the Israeli conflict over the Gaza Strip.