Natural Gas Consumption in Oman Increases by 3.6%: Key Factors and Implications

The total domestic production and import of natural gas in the Sultanate of Oman reached approximately 53 billion and 925 million cubic meters by the end of December last year, an increase of 3.6 percent compared to the same period in 2022, which was 52 billion and 61 million and 900 thousand cubic meters.

The statistics issued by the National Center for Statistics and Information, in a statement reported by the Oman News Agency on Saturday, revealed that industrial projects accounted for 58.7% of the usage of natural gas in the Sultanate of Oman until the end of last December.

The usage for industrial projects reached 31 billion, 638 million, and 600 thousand cubic meters.

The total natural gas usage for oil fields was 13 billion, 252 million, and 800 thousand cubic meters, while power stations consumed 8 billion, 773 million, and 800 thousand cubic meters, and industrial areas consumed 259 million and 700 thousand cubic meters.

The agency indicated that non-associated natural gas production, including imports, reached 42.942 billion cubic meters, while associated production reached 10.983 billion cubic meters.

It should be noted that the Omani engineering and contracting company, “Gulfar,” announced last week its winning of a contract from Oman Oil Development Company worth about 100 million Omani rials.

The company stated, in a disclosure to the Muscat Stock Exchange, that the contract pertains to the completion of projects in the Qurum Al-Aalam area, a part of the Interior Governorate in the Sultanate. It also added that the contract duration is five years starting from January 30th of last year.

The company anticipated that the contract will have a positive impact on its financial results.