Oman wants to expand LNG export capacity by a third

Oman plans to build a new liquefied natural gas (LNG) train near Qalhat, increasing its export capacity by a third to 15.2 million tons annually. The 3.8-million-ton-per-year project is set to begin operations in 2029.

This expansion reflects confidence in the ongoing demand for natural gas despite the global shift to cleaner energy. Currently, only Qatar, the UAE, and Oman export LNG in the Middle East.

Moreover, Qatar aims to nearly double its capacity to 140 million tons per year by 2030, while the UAE plans to boost its capacity to 15.4 million tons. These countries are betting on sustained global reliance on gas, even as some experts predict peak usage by the end of the decade.

Attribution: Bloomberg