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Oman's LNG exports rise by 8% to 5.9mn tonnes

Business Tuesday 19/July/2022 18:08 PM
By: ONA
Oman's LNG exports rise by 8% to 5.9mn tonnes

Muscat: Oman’s liquified natural gas (LNG) exports during the first six months of 2022 increased by 8 per cent to reach 5.9 million tonnes compared to 5.5 million tonnes during the corresponding period of 2021.

The Sultanate of Oman exported 3 million tonnes of liquified natural gas during the first quarter of the current year against approximately 2.9 million tonnes exported during the second quarter of the previous year. The increase in exports of liquified natural gas reaffirms that the Oman LNG terminal is operating at full production capacity, which is estimated at 11.4 million tonnes per annum.

During the first six months of the current year, Oman's monthly exports of liquified natural gas amounted to 0.9 million tonnes which made Oman’s liquified natural gas shipments reach new destinations.

The new destinations which received Oman's liquified natural gas included Puerto Rico which received a shipment of 67,000 tonnes last June. The largest Asian markets received the majority of exports of Oman’s liquified natural gas.

The major Asian markets included South Korea which received 2.25 million tonnes (38 per cent of total exports) during the first half of the year 2022 while Japan received 1.51 million tonnes (26 per cent of the total exports). Other Asian markets included China, India, Taiwan and Thailand. -ONA