An LNG tanker off the coast of Oman
Oman’s domestic gas needs raise LNG doubts
Dip in reserves amid soaring power needs raise concerns about the country’s plans for a new LNG train
Oman may struggle to meet demand from a new 3.8mt/yr LNG train plus existing facilities unless it can contain surging power demand and boost exploration, with gas reserves dropping by 5% year-on-year, to 23tcf, at the end of 2023. Gas consumption in the Omani power sector soared by 72% over January–November from the same period a year earlier, compared with a decrease of 3.2%, 8.2% and 8.5% for industrial areas, industrial projects and oilfields respectively over the same period, according to the latest public statistics. Oman’s power sector burned 15bcm in 2024, accounting for almost a third of the country’s 56.5bcm of supply, which is composed of domestic production and Qatari imports, com
Also in this section
16 April 2025
Israel continues to strike new oil and gas concession agreements and gas exports continue to rise, but an overreliance on Egypt remains the big concern
15 April 2025
Loss of US shipments of key petrochemical feedstock could see Beijing look to Tehran with tariffs set to upend global LPG flows
15 April 2025
Australia’s East Coast Gas projections for a supply shortfall have been pushed further out, but the challenge to meet evolving gas demand and the shifting assumptions around the fundamentals remain just as stark
15 April 2025
Long-delayed prospects for onshore LNG production in Mozambique have improved thanks to US financing approval, but security challenges blight way ahead
