Latest news with #IntegratedGasCompany
Zawya
24-03-2025
- Business
- Zawya
IGC launches digital portal to streamline natural gas access in Oman
MUSCAT: The Integrated Gas Company (IGC), Oman's sole aggregator and supplier of natural gas, has launched its new Gas Applications Portal, a digital platform designed to simplify how industries apply for and manage their natural gas requirements. IGC CEO Abdul Rahman Humaid al Yahyaei hailed the initiative as a game-changer for the sector, enhancing efficiency, transparency, and accessibility for both existing and prospective consumers. 'This portal marks a major milestone in Oman's energy sector digitalization. By moving applications online, streamlining approvals, and increasing transparency, we are making it easier than ever for businesses to access the energy they need to grow and thrive,' Al Yahyaei told the Observer. The portal introduces several enhancements, allowing users to submit multiple applications under a single account, track their application status in real time, engage directly with IGC representatives for support, and manage multiple projects from a centralized dashboard. The platform is also mobile-friendly, ensuring seamless access from anywhere. By digitizing and centralizing these processes, IGC ensures a more efficient experience for consumers while reinforcing its role in optimizing natural gas allocation and supply in alignment with Oman's Vision 2040. Beyond facilitating standard applications, the portal also supports spot sales and short-term gas supply auctions, allowing for faster processing of industrial-scale requests. 'With this platform, we are not only improving customer experience but also enhancing efficiency in how gas is allocated and utilized. This is a key step toward maximizing the value of Oman's natural gas resources while fostering a more competitive and transparent market,' Al Yahyaei added. Significantly, the new portal is now the primary access point for all large, medium and small industrial and non-industrial gas consumers, whether for long-term allocations or short-term supply. New investors—both local and international—can register and submit gas allocation requests digitally, eliminating the need for phone or email inquiries. This development also reflects a broader shift in Oman's gas governance. Previously, gas allocation requests were reviewed solely by the Ministry of Energy and Minerals, but with IGC's formal establishment in December 2022, this responsibility has now been transferred to the company. Existing consumers can also use the portal to apply for additional gas allocations for expansion projects or subsidiaries without the need to create new accounts. However, all requests will be assessed against criteria that prioritize strategic contributions to Oman's economy, including job creation, GDP contribution, decarbonization, ICV, SME growth, and potential for further investment. To ensure a fair and transparent process, IGC has developed a new guidelines for evaluating applications, setting supply tariffs, and determining allocation sizes and durations in line with national economic priorities. Importantly, the portal also facilitates applications for spot gas sales - a growing segment of Oman's gas market. IGC has already executed one such transactions in the past year and plans to leverage the platform's versatility for future opportunities, aligning with market evolution and revenue optimization objectives. Additionally, the portal is designed to complement broader government efforts to position Oman as an investment hub. Investors requiring natural gas can submit applications even while their projects are still in the permitting stage, with detailed information on standard gas sales agreements readily available on the platform. Operating the portal is a dedicated team from IGC's commercial and contracts department, equipped to guide applicants through the process and address inquiries. The portal is now live and accessible at 2022 © All right reserved for Oman Establishment for Press, Publication and Advertising (OEPPA) Provided by SyndiGate Media Inc. (
Observer
22-03-2025
- Business
- Observer
IGC launches digital portal to streamline natural gas access in Oman
MUSCAT: The Integrated Gas Company (IGC), Oman's sole aggregator and supplier of natural gas, has launched its new Gas Applications Portal, a digital platform designed to simplify how industries apply for and manage their natural gas requirements. IGC CEO Abdul Rahman Humaid al Yahyaei hailed the initiative as a game-changer for the sector, enhancing efficiency, transparency, and accessibility for both existing and prospective consumers. 'This portal marks a major milestone in Oman's energy sector digitalization. By moving applications online, streamlining approvals, and increasing transparency, we are making it easier than ever for businesses to access the energy they need to grow and thrive,' Al Yahyaei told the Observer. The portal introduces several enhancements, allowing users to submit multiple applications under a single account, track their application status in real time, engage directly with IGC representatives for support, and manage multiple projects from a centralized dashboard. The platform is also mobile-friendly, ensuring seamless access from anywhere. By digitizing and centralizing these processes, IGC ensures a more efficient experience for consumers while reinforcing its role in optimizing natural gas allocation and supply in alignment with Oman's Vision 2040. Beyond facilitating standard applications, the portal also supports spot sales and short-term gas supply auctions, allowing for faster processing of industrial-scale requests. 'With this platform, we are not only improving customer experience but also enhancing efficiency in how gas is allocated and utilized. This is a key step toward maximizing the value of Oman's natural gas resources while fostering a more competitive and transparent market,' Al Yahyaei added. Significantly, the new portal is now the primary access point for all large, medium and small industrial and non-industrial gas consumers, whether for long-term allocations or short-term supply. New investors—both local and international—can register and submit gas allocation requests digitally, eliminating the need for phone or email inquiries. This development also reflects a broader shift in Oman's gas governance. Previously, gas allocation requests were reviewed solely by the Ministry of Energy and Minerals, but with IGC's formal establishment in December 2022, this responsibility has now been transferred to the company. Existing consumers can also use the portal to apply for additional gas allocations for expansion projects or subsidiaries without the need to create new accounts. However, all requests will be assessed against criteria that prioritize strategic contributions to Oman's economy, including job creation, GDP contribution, decarbonization, ICV, SME growth, and potential for further investment. To ensure a fair and transparent process, IGC has developed a new guidelines for evaluating applications, setting supply tariffs, and determining allocation sizes and durations in line with national economic priorities. Importantly, the portal also facilitates applications for spot gas sales - a growing segment of Oman's gas market. IGC has already executed one such transactions in the past year and plans to leverage the platform's versatility for future opportunities, aligning with market evolution and revenue optimization objectives. Additionally, the portal is designed to complement broader government efforts to position Oman as an investment hub. Investors requiring natural gas can submit applications even while their projects are still in the permitting stage, with detailed information on standard gas sales agreements readily available on the platform. Operating the portal is a dedicated team from IGC's commercial and contracts department, equipped to guide applicants through the process and address inquiries. The portal is now live and accessible at
Zawya
04-03-2025
- Business
- Zawya
IGC launches Oman's first gas spot sale of 2025
MUSCAT: Integrated Gas Company (IGC), the sole aggregator and supplier of natural gas in the Sultanate of Oman, has invited bids for its first spot sale of natural gas for the current year. A Request for Proposals (RFP) issued by the wholly state-owned energy firm on Sunday seeks offers for the supply of 175,000 MMBTUs (million British Thermal Units) per day of natural gas for a period of one to two years. The announcement builds on landmark initiatives by IGC to maximise revenue generation for the Omani government through gas marketing activities encompassing spot sales and short-term gas supply auctions. Both initiatives are also aimed at providing large industrial customers with greater flexibility and efficiency in their purchase and consumption of natural gas. Interested customers have until March 30, 2025 to submit applications in response to the RFP. 'All interested parties are welcome to participate in this auction. Don't miss out on this opportunity to secure a valuable contract with IGC,' the energy firm note in a post. Last year, IGC successfully added gas marketing activities to its central mandate as the sole shipper of Omani natural gas. In line with this remit, it signed a first-ever spot gas sales contract with Octal, the Salalah-based polyethylene manufacturer, in August 2024. Under the deal, IGC committed to supplying 15,000 standard m3 per day of natural gas for four months. Also during the same month, IGC announced the first auction of short-term gas supplies. On offer were around 9,000 MMBTU per day (approx 9 million standard cubic feet/day — mmsfd) of gas to be supplied to one or more successful bidders for a period ranging from one to two years. Interested bidders were required to submit offers that were an improvement upon a minimum price set by IGC. Set up as a state-owned enterprise under the auspices of the Ministry of Finance, IGC represents the government's interests in the management of all allocations, assets, rights and obligations of natural gas purchase, sales, transport, imports and exports, as well as all relevant products. IGC is also tasked with contributing to Oman's fiscal performance by shouldering all expenses related to gas purchase and transport from the State Budget. Part of its remit is to transfer net gas revenue to the treasury as well. 2022 © All right reserved for Oman Establishment for Press, Publication and Advertising (OEPPA) Provided by SyndiGate Media Inc. (
Observer
03-03-2025
- Business
- Observer
IGC launches Oman's first gas spot sale of 2025
MUSCAT: Integrated Gas Company (IGC), the sole aggregator and supplier of natural gas in the Sultanate of Oman, has invited bids for its first spot sale of natural gas for the current year. A Request for Proposals (RFP) issued by the wholly state-owned energy firm on Sunday seeks offers for the supply of 175,000 MMBTUs (million British Thermal Units) per day of natural gas for a period of one to two years. The announcement builds on landmark initiatives by IGC to maximise revenue generation for the Omani government through gas marketing activities encompassing spot sales and short-term gas supply auctions. Both initiatives are also aimed at providing large industrial customers with greater flexibility and efficiency in their purchase and consumption of natural gas. Interested customers have until March 30, 2025 to submit applications in response to the RFP. 'All interested parties are welcome to participate in this auction. Don't miss out on this opportunity to secure a valuable contract with IGC,' the energy firm note in a post. Last year, IGC successfully added gas marketing activities to its central mandate as the sole shipper of Omani natural gas. In line with this remit, it signed a first-ever spot gas sales contract with Octal, the Salalah-based polyethylene manufacturer, in August 2024. Under the deal, IGC committed to supplying 15,000 standard m3 per day of natural gas for four months. Also during the same month, IGC announced the first auction of short-term gas supplies. On offer were around 9,000 MMBTU per day (approx 9 million standard cubic feet/day — mmsfd) of gas to be supplied to one or more successful bidders for a period ranging from one to two years. Interested bidders were required to submit offers that were an improvement upon a minimum price set by IGC. Set up as a state-owned enterprise under the auspices of the Ministry of Finance, IGC represents the government's interests in the management of all allocations, assets, rights and obligations of natural gas purchase, sales, transport, imports and exports, as well as all relevant products. IGC is also tasked with contributing to Oman's fiscal performance by shouldering all expenses related to gas purchase and transport from the State Budget. Part of its remit is to transfer net gas revenue to the treasury as well.
