Reserves of LNG in Oman Increase by 7% in 2022

The liquefied natural gas reserves of Oman rose by 7% to 680 billion cubic meters in 2022 compared to 2021.
The annual report issued by Oman’s Ministry of Energy and Minerals indicated that the expected total reserves of crude oil and condensate oil expected by the end of 2022 amounted to 4,905 million barrels, up by 1% compared to the previous year, Zawya reported.
At the end of last year, the number of companies operating in concession areas in the fields of oil and gas exploration and production was 18 and 37 respectively. The total oil exports of crude oil and condensate during the year amounted to about 318 million barrels, with China ranking first among countries importing Omani oil with a rate of 81.7%.
The ministry said in a statement on Saturday that it also signed one new petroleum agreement in 2022 with Shell Integrated Gas Oman in Concession No. 11, where the value of the agreed investment for the first period amounted to $105 million.
Oil production in Oman increased during 2022, with an average daily production of 1.64 million barrels, compared to 971,000 in 2021, indicating an increase of 9.6%.