Oman increases spot market LNG sales as production rises
Oman increased the number of cargoes of liquefied natural gas (LNG) it offers to the spot market in recent months, thanks to rising feed gas output and ongoing improvements to the facilities, industry sources and traders said. The Arab Gulf state, a top 10 global LNG exporter for the past decade, commissioned natural gas production from a new field at the end of 2017, leading LNG exports to jump last year and to keep rising this year. Oman’s LNG volumes rose 17% in 2018 to 9.54mn tonnes, Refinitiv Eikon data showed, after the ramp-up of the BP-operated Khazzan field. With 7.2mn tonnes shipped so far this year, the plant is on track to send 10.22mn tonnes in 2019 (mtpa), close to its 10.4 mtpa capacity.
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