U Capital – Event Update _ OQEP announces signing of Natural Gas Sales Agreement

Issue Date: 3 November 2025

OQEP announces signing of natural gas sales agreement with IGC for Block 65

    IGC also signs a gas supply deal with Marsa LNG

 

  1. OQEP signed a natural gas sales deal with IGC for Block 65, securing a reliable offtake and monetization of its upstream gas production.
  2. IGC also signed a natural gas sales agreement with Marsa LNG, establishing a direct supply chain link between OQEP’s upstream gas production and downstream liquefied natural gas (LNG) operations.
  3. This integrated agreement structure connecting OQEP, IGC, and Marsa LNG strengthens OQ Group’s internal value chain by aligning upstream gas development with midstream and downstream utilization.