Majority government owned Oman LNG, which operates a three-train natural gas liquefaction plant at Sur, has announced revenue of USD2.612 billion for 2015, down from the previous year's USD4.074 billion -- a decline attributed primarily to the collapse in intl oil and gas prices, as well as a shortfall in LNG production. Net income after tax (NIAT) also plummeted to USD965 million in 2015, down from USD1.768 billion a year earlier, the company said in its 2015 Annual Report. LNG production slumped to 7.91 million tonnes in 2015 - the lowest since 2011 - as natural gas was diverted by the government primarily to meet burgeoning demand from the power generation and water desalination. This led to the underutilisation of Oman LNG 's capacity by 2.49 million tonnes per annum (mtpa) last year, equating to around 15 per cent of the integrated 3-train plant's total capacity of 10.4 mtpa. (Oman observer)