Latest news with #OmanLNG
Zawya
2 days ago
- Business
- Zawya
Oman LNG boosts market position with record output, new contracts
Muscat – Oman LNG achieved its highest-ever production in 2024, while maintaining exceptional safety standards and a plant efficiency rate of 98.23%, reflecting its unwavering commitment to operational excellence and sustainable performance. Hamad bin Mohammed al-Naamani, CEO of Oman LNG, confirmed that the company is preparing for a new phase of expansion with the commencement of long-term sales contracts this year, encompassing volumes from both Oman LNG and Qalhat LNG. The company is prioritising advanced upgrades and maintenance to enhance its capabilities and surpass its 2024 achievements once these improvements are completed. This will position it at the forefront of gas producers globally, in terms of both performance and competitive cost. In a statement to the Oman News Agency, Naamani said that 2024 marked a significant shift in the company's commercial strategy, with long-term sales contracts totalling 10.4mn metric tonnes per annum, providing a solid foundation for a diversified and flexible commercial portfolio. He added that this strategy has enabled the company to strike a balance between long-term commitments and the agility to respond to immediate market opportunities. This approach has allowed the company to supply reliable energy to its partners while maximising added value, reinforcing Oman's role in supporting global energy security. Regarding innovation and transformation in the energy sector, Naamani emphasised Oman LNG's commitment to supporting the sultanate's carbon neutrality targets by 2050. This includes investing in short-term efficiency improvements and implementing long-term emissions management programmes. He noted that the company achieved its highest-ever energy efficiency rates in 2024 and was recognised with the 'Golden Path' award by the United Nations Environment Programme for its efforts to reduce methane emissions – both of which are key indicators of its dedication to low-carbon LNG production. He pointed out that the company is investing in energy efficiency solutions that support a gradual reduction in emissions, relying on proven and highly cost-effective technologies. All investments aimed at reducing emissions undergo thorough and comprehensive evaluation. The company is also investing in research and development projects in collaboration with local universities, including studies on hydrogen fusion and a pilot project focused on methane emissions – seen as a starting point for developing clean energy molecules. Naamani underlined that this approach balances enhancing current performance with preparing for a low-emissions future, positioning Oman LNG as a reliable partner in the global energy transition. On the topic of safety and sustainability leadership, Naamani stated that last year the company recorded over 27mn work hours without a lost-time injury, with no operational safety incidents reported for more than 3,500 days. Regarding social responsibility and national development, the company's CEO explained that Oman LNG remains committed to allocating 1.5% of its net income after tax to social investment. This includes support for key projects such as the Sur Maritime Museum, the Masar initiative to promote tourism, and the provision of advanced medical equipment to healthcare facilities, including MRI machines and kidney dialysis units. The company also prioritises human capital development through leadership academies, practical training for youth, and initiatives supporting small and medium-sized enterprises. © Apex Press and Publishing Provided by SyndiGate Media Inc. (
Observer
4 days ago
- Business
- Observer
Oman LNG sets record for production and safety in 2024
MUSCAT: Oman LNG achieved its highest-ever production output in 2024, alongside maintaining an impressive plant efficiency rate of 98.23 per cent — underscoring its dedication to operational excellence and sustainability. According to CEO Hamad bin Mohammed al Naamany, the company is entering a new expansion phase, marked by the launch of long-term sales contracts that include supply from both Oman LNG and Qalhat LNG. These developments are being supported by advanced upgrades and maintenance initiatives aimed at strengthening the company's performance and cost competitiveness in global markets. The year 2024 also marked a significant shift in Oman LNG's commercial strategy. Long-term contracts now total 10.4 million metric tonnes annually, providing a robust foundation for a flexible and diversified portfolio. This strategy allows the company to maintain reliable supply commitments while remaining agile in responding to short-term market opportunities, thus enhancing the added value delivered to its partners and reinforcing Oman's contribution to global energy security. Al Naamany emphasised the company's role in supporting Oman's carbon neutrality targets by 2050. In 2024, Oman LNG recorded its highest-ever energy efficiency performance and received the 'Golden Path' accolade from the United Nations Environment Programme for methane emissions reduction — highlighting its leadership in producing low-carbon LNG. To support its climate ambitions, the company is investing in cost-effective energy efficiency technologies and long-term emissions management strategies. It is also working closely with local universities on R&D projects, including hydrogen fusion and a pilot methane initiative that could pave the way for new clean energy solutions. In terms of safety, the company achieved over 27 million work hours without a single lost time injury and recorded no operational safety incidents for more than 3,500 consecutive days. Oman LNG has aligned its safety programmes with the Oman Energy Association (OPAL) to ensure its standards remain among the best in the industry. Beyond its operational achievements, Oman LNG remains committed to national development and social responsibility. — ONA
Muscat Daily
4 days ago
- Business
- Muscat Daily
Oman LNG boosts market position with record output, new contracts
Muscat – Oman LNG achieved its highest-ever production in 2024, while maintaining exceptional safety standards and a plant efficiency rate of 98.23%, reflecting its unwavering commitment to operational excellence and sustainable performance. Hamad bin Mohammed al-Naamani, CEO of Oman LNG, confirmed that the company is preparing for a new phase of expansion with the commencement of long-term sales contracts this year, encompassing volumes from both Oman LNG and Qalhat LNG. The company is prioritising advanced upgrades and maintenance to enhance its capabilities and surpass its 2024 achievements once these improvements are completed. This will position it at the forefront of gas producers globally, in terms of both performance and competitive cost. In a statement to the Oman News Agency, Naamani said that 2024 marked a significant shift in the company's commercial strategy, with long-term sales contracts totalling 10.4mn metric tonnes per annum, providing a solid foundation for a diversified and flexible commercial portfolio. He added that this strategy has enabled the company to strike a balance between long-term commitments and the agility to respond to immediate market opportunities. This approach has allowed the company to supply reliable energy to its partners while maximising added value, reinforcing Oman's role in supporting global energy security. Regarding innovation and transformation in the energy sector, Naamani emphasised Oman LNG's commitment to supporting the sultanate's carbon neutrality targets by 2050. This includes investing in short-term efficiency improvements and implementing long-term emissions management programmes. He noted that the company achieved its highest-ever energy efficiency rates in 2024 and was recognised with the 'Golden Path' award by the United Nations Environment Programme for its efforts to reduce methane emissions – both of which are key indicators of its dedication to low-carbon LNG production. He pointed out that the company is investing in energy efficiency solutions that support a gradual reduction in emissions, relying on proven and highly cost-effective technologies. All investments aimed at reducing emissions undergo thorough and comprehensive evaluation. The company is also investing in research and development projects in collaboration with local universities, including studies on hydrogen fusion and a pilot project focused on methane emissions – seen as a starting point for developing clean energy molecules. Naamani underlined that this approach balances enhancing current performance with preparing for a low-emissions future, positioning Oman LNG as a reliable partner in the global energy transition. On the topic of safety and sustainability leadership, Naamani stated that last year the company recorded over 27mn work hours without a lost-time injury, with no operational safety incidents reported for more than 3,500 days. Regarding social responsibility and national development, the company's CEO explained that Oman LNG remains committed to allocating 1.5% of its net income after tax to social investment. This includes support for key projects such as the Sur Maritime Museum, the Masar initiative to promote tourism, and the provision of advanced medical equipment to healthcare facilities, including MRI machines and kidney dialysis units. The company also prioritises human capital development through leadership academies, practical training for youth, and initiatives supporting small and medium-sized enterprises.
Zawya
21-07-2025
- Business
- Zawya
Sur Hydrogen Cluster study in Oman advances
MUSCAT - The Sur Hydrogen Cluster and Energy Transition Study – an initiative designed to support the decarbonisation of major industries in the Sur industrial hub – is set to enter the detailed feasibility stage, according to Oman LNG, the lead player spearheading the project. At the heart of the initiative is a comprehensive plan to integrate large-scale renewables and green hydrogen production, enabling a range of industrial, petrochemical, and energy projects operating in Sur to achieve their Net Zero goals. During its preliminary stage, the Sustainable Energy Research Centre (SERC) at Sultan Qaboos University (SQU), along with the Oman Hydrogen Alliance (Hy-Fly), assessed the technical, economic, and partnership frameworks required to position Sur as a hydrogen export and low-carbon fuel hub aligned with Oman's national energy transition ambitions. Also participating in the initiative are Phoenix Power Oman (operator of Sur IPP), Oman India Fertilizer Company (OMIFCO), OQ Gas Networks, OQ Alternative Energy, and Madayn – the authority administering Sur Industrial City. Sharing an update on the initiative, Oman LNG stated: 'We recently held a framing session with our key partners – Oman India Fertiliser Company SAOC (OMIFCO), OQ Gas Networks (OQGN), and OQAE – to shape the Sur Hydrogen and Energy Transition Cluster Study. We are now finalising the scope of work, which will be followed by the tendering process for a detailed feasibility study, expected to commence in the second quarter of 2025, with the Oman Energy Association (OPAL) managing the tender. This initiative is part of our broader commitment to advancing Oman's position as a leader in green hydrogen and energy transition.' The project envisions the use of renewable energy to produce green hydrogen, which will serve as a fuel resource for project stakeholders. This shift will displace significant volumes of natural gas currently used as fuel and feedstock by Sur-based industries. The freed-up gas could then be redirected by Oman LNG for liquefaction and export. An output of around 487 tonnes per day of low-carbon hydrogen is anticipated if and when the Sur Hydrogen Cluster is fully implemented. In addition to the cluster initiative, Oman LNG is also weighing a host of schemes to support its energy transition, energy efficiency, and decarbonisation goals. 'Key initiatives for the year include developing a FEED package for the power import project, finalising green power sourcing concepts with a robust commercial model, and conducting comprehensive assessments to enhance energy efficiency,' the majority state-owned company noted in its 2024 Sustainability Report. Furthermore, the company has conducted a techno-economic analysis of opportunities linked to proposals such as solar photovoltaic (PV) power generation capacity, Battery Energy Storage System (BESS) capacity, and flare gas recovery. Oman LNG is working closely with OQ Alternative Energy to explore optimal renewable energy sourcing. Additionally, a new Energy Efficiency Improvement Programme was launched this year to enhance or maintain the high thermal efficiency of Oman LNG's triple-train complex at Qalhat. 'This initiative will focus on identifying practical ways to increase efficiency and sustain our top-tier results. We are currently finalising the delivery plan for this programme, which underscores our ongoing commitment to operational excellence and responsible energy use,' the company added.
Zawya
21-07-2025
- Business
- Zawya
Oman's Sur hydrogen cluster study advances
The Sur Hydrogen Cluster and Energy Transition Study – an initiative designed to support the decarbonisation of major industries in the Sur industrial hub – is set to enter the detailed feasibility stage, according to Oman LNG. The initiative integrates large-scale renewables and green hydrogen production, enabling a range of industrial, petrochemical, and energy projects operating in the Southern Sur city to achieve their Net Zero goals. During its preliminary stage, the Sustainable Energy Research Centre (SERC) at Sultan Qaboos University (SQU), along with the Oman Hydrogen Alliance (Hy-Fly), assessed the technical, economic, and partnership frameworks required to position Sur as a hydrogen export and low-carbon fuel hub aligned with Oman's national energy transition ambitions, said Oman LNG, which is spearheading the project. Also participating in the initiative are Phoenix Power Oman (operator of Sur IPP), Oman India Fertiliser Company (OMIFCO), OQ Gas Networks (OQGN), OQ Alternative Energy, and Madayn – the authority administering Sur Industrial City. 'We recently held a framing session with our key partners – OMIFCO, OQGN, and OQAE – to shape the Sur Hydrogen and Energy Transition Cluster Study. We are now finalising the scope of work, which will be followed by the tendering process for a detailed feasibility study, expected to commence in the second quarter of 2025, with the Oman Energy Association (OPAL) managing the tender. This initiative is part of our broader commitment to advancing Oman's position as a leader in green hydrogen and energy transition,' said Oman LNG. The project envisions the use of renewable energy to produce green hydrogen, which will serve as a fuel resource for project stakeholders. This shift will displace significant volumes of natural gas currently used as fuel and feedstock by Sur-based industries. The freed-up gas could then be redirected by Oman LNG for liquefaction and export. An output of around 487 tonnes per day of low-carbon hydrogen is anticipated if and when the Sur Hydrogen Cluster is fully implemented. In addition to the cluster initiative, Oman LNG is also weighing a host of schemes to support its energy transition, energy efficiency, and decarbonisation goals. 'Key initiatives for the year include developing a FEED package for the power import project, finalising green power sourcing concepts with a robust commercial model, and conducting comprehensive assessments to enhance energy efficiency,' it said. (Writing by Nadim Kawach; Editing by Anoop Menon) (
