LNG

The Sultanate of Oman said the Middle East would continue to be a growth area for liquefied natural gas production and Oman itself has plans to boost output, while the nation’s current 3 percent contribution to global LNG supplies is pivotal in keeping the balance of supply and demand.

The Sultanate of Oman, whose LNG liquefaction plant exports cargoes from the port of Sur on the Arabian Peninsula, has signed a sales and purchase agreement with BP to supply shipments to the UK company's Singapore-based trading unit.