LNG

Oman is planning to increase its natural gas production for domestic use and LNG exports to such an extent that the sultanate in the Arabian peninsula will see gas output levels overtaking oil by around 2025.

BP of the UK said it had approved the development with Oman Oil Company of the Ghazeer project in the Sultanate of Oman as the second phase of the giant Khazzan natural gas venture in the Arabian Peninsula nation that has helped revive LNG production.