Oman pins hopes on tight gas and Iran pipeline
In depth
Issue 971
- 06 Jun 2014
| 7 minute read
Despite rising gas output in 2013, Oman – like the rest of its Gulf Co-operation Council (GCC) neighbours – is struggling to keep pace with rampant demand. New figures from the Ministry of Oil and Gas show output rose by 3% to 37.15bcm in 2013, but with demand at 39.1mcm/d and much of the sultanate’s existing output dedicated to long-term liquefied natural gas (LNG) export projects, Muscat has been seeking new sources of gas. The strategy it is putting in place is to develop new domestic capability from its tight gas fields (being tapped by BP) and also to begin importing Iranian gas across the Strait of Hormuz.
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