Oman LNG said it produced 8.5mn tonnes of liquefied natural gas (LNG) in 2016, against a production of 7.91 million tonnes in the previous year on an installed capacity of 10.4 million tonnes per annum. This shows a capacity utilisation of 73.5%. However, a fall in oil prices resulted in a drop in Oman LNG’s net profit and revenue in 2016. The company’s total revenue stood lower at USD1,925mn in 2016, down from USD2,612mn for the previous year, while net income after tax dropped to USD566mn from USD965mn.
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