In June 1993 a shareholders' agreement between the Government of Oman (51%), Royal Dutch Shell (30%), Total S.A. (5.54%), Korea Gas Corporation (5%), Partex (2%), Mitsubishi (2.77%), Mitsui (2.77%) and Itochu (0.92%) was signed. In February 1994 the company was established by Royal Decree of Sultan Qaboos bin Said and Oman LNG LLC registered as Omani company in July of the same year.[4][5]