Oman LNG secures its post-2024 future

With offtake deals, shareholder agreements and gas supply in place, could the country expand its LNG industry further?

The remarketing campaign begun by Oman in 2022 to replace expiring offtake contracts went better than expected, energy minister Salim al-Aufi revealed at a signing ceremony in Muscat in October—where shareholders in Oman LNG and Qalhat LNG were renewing their participation agreements with the government. “The volume that was received in terms of demand took us by surprise—a positive surprise because we were not expecting so much interest,” the minister told local media. With around 10.5mt/yr of LNG production capacity up for grabs, Oman received expressions of interest for 70mt/yr. By then it was already clear that the year-long sales campaign was going well. Between December 2022 and Novemb