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
10 March 2026
From Venezuela to Hormuz, the US—backed by the most powerful military force ever assembled—is redrawing not only oil and gas flows but also the global balance of energy power
10 March 2026
By shutting the Strait of Hormuz, Iran has cut exports of distillate-rich Middle Eastern crude, jet fuel and diesel, and is holding the energy market hostage
10 March 2026
Eni’s director for global gas and LNG portfolio, Cristian Signoretto, discusses how demand will respond to rising LNG supply, and how the company is expanding its own gas and LNG operations through disciplined, capital-efficient investments
9 March 2026
Petroleum Economist analysis sees increases in output from Saudi Arabia, Venezuela and Kazakhstan among others before region’s murky descent
