Oman reschedules LNG exports due to gas shortages
Gas shortages and an increase in domestic demand for power generation forced Oman to reschedule some of its LNG exports.
Sources told Reuters that 5 to 10 percent of LNG destined for exports during this year were rescheduled for delivery in the coming years. Most of the country’s LNG exports are dispatched to Japan and South Korea.
Plans for rapid industrialization could be hampered unless the country finds additional gas supplies. Currently, companies are delaying expansions due to gas shortage for Oman’s industry.
Oman exported close to 410 billion cubic feet of gas in 2013, about 37 percent of its total production. However, Oman’s Khazzan gas project that is expected to start up in 2017 could bring additional 1 bcf of gas per day to the production total, while an import deal signed with Iran could also aid the rising demand. Oman would import Iranian gas via a planned Gulf pipeline.
However, Salim al-Aufi, undersecretary at Oman’s Ministry of Oil and Gas said the gas supplies were under stress due to surge in power generation which was higher than expected during the summer. He added that Oman has sufficient gas supplies.
LNG World News Staff; Image: Oman LNG
List of related news articles
-
Posted: 11 days ago
U.S. LNG exports set a record in December
U.S. exports of liquefied natural gas set a new record in December, averaging 9.8 billion cubic feet...
Posted: 11 days ago -
Posted: 1 day ago
U.S. LNG exports, average prices climb in November
Liquefied natural gas (LNG) exports from the U.S. facilities have jumped in November 2020, according...
Posted: 1 day ago -
Posted: 4 days ago
U.S. weekly LNG exports slip
Weekly exports of liquefied natural gas (LNG) from the United States have dropped for the second wee...
Posted: 4 days ago -
Posted: 11 days ago
U.S. LNG exports slip in the first week of 2021
Weekly exports of liquefied natural gas (LNG) from the United States have shown a drop from December...
Posted: 11 days ago