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
1 August 2025
A number of companies have filed arbitration claims against Gazprom over non-deliveries of contracted gas or other matters—and won. The next step is to collect the award; this is no easy task but it can be done thanks to an international legal framework under the New York Convention.
1 August 2025
Europe’s refining sector is desperately trying to adapt to a shifting global energy landscape and nowhere is this more apparent than in its largest economy
1 August 2025
The Middle East natural gas playbook is being rewritten. The fuel source offers the region a pathway to a cleaner, sustainable and affordable means of local power, to fasttrack economic development and as a lucrative opportunity to better monetise its energy resources.
31 July 2025
TotalEnergies is an outlier among other majors for remaining committed to low-carbon investments while continuing to replenish and expand its ample oil and gas portfolio, with an appetite for high risk/high return projects.