MUSCAT, May 20 (Reuters) - Oman’s output of liquefied natural gas (LNG) will be steady at around 80 percent of total capacity in 2009 for the second year running, a senior official said on Wednesday.
Oman is short of gas and has struggled to produce enough to meet both domestic demand and capacity to export LNG, gas chilled to liquid form for transport on specially-designed ships.
“We expect to produce 80 percent of our usual full production this year, the same as in 2008,” Brian Buckley, CEO of Oman LNG told Reuters. “There’s a general decline in LNG demand globally due to more plants coming onstream, and this may continue for two years until 2012.”
Oman produces LNG from three trains with a total capacity of nearly 10 million tons per year.
Oman LNG’s plant has capacity to produce about 7 million tonnes of the country’s total capacity and is 51 percent owned by the government. Royal Dutch Shell (RDSa.L) owns 30 percent, while France’s Total (TOTF.PA) and Japan’s Mitsui also have stakes. (Reporting by Saleh al-Shaibany; editing by Simon Webb)