10 Hrs
Source:
الاقتصادية
Oman Gas Chief on Hormuz Crisis
The CEO of Oman LNG, Hamad Al Naimani, stated that the current crisis in the Strait of Hormuz will come to an end soon, emphasizing that the ongoing disruptions will not affect the company's long-term plans to increase production. He explained that the company has been planning to boost its output for the past two years and is working on implementing these plans, with a target of producing around 11.5 million tons of liquefied natural gas in 2025, utilizing an operational capacity of 10.4 million tons annually. Amidst this crisis, companies are exploring alternative routes to export gas away from the strait, but Oman LNG affirms that the disturbance is temporary and that its strategy to increase production will continue, supported by long-term agreements with international buyers and the Asian region.
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