{"id":79987,"date":"2024-07-29T00:00:00","date_gmt":"2024-07-29T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2024\/07\/29\/oman-to-develop-a-new-lng-railway-in-south-sharqiyah\/"},"modified":"2024-07-29T00:00:00","modified_gmt":"2024-07-29T00:00:00","slug":"oman-to-develop-a-new-lng-railway-in-south-sharqiyah","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2024\/07\/29\/oman-to-develop-a-new-lng-railway-in-south-sharqiyah\/","title":{"rendered":"Oman to develop a new LNG railway in South Sharqiyah"},"content":{"rendered":"

Oman lays new tracks to boost LNG infrastructure: <\/strong>Oman\u2019s Energy and Minerals Ministry will build a new liquefied natural gas (LNG) rail connection at the Qalhat Industrial Complex in South Sharqiyah to boost Oman\u2019s LNG production to 15.2 m metric tonnes per year, according to a statement<\/a> released on Saturday. The project is slated to be operational by 2029 and no investment ticket has been disclosed. <\/p>\n

What we know: <\/strong>The new train will have a capacity of 3.8 mm metric tonnes of LNG per year. The Omani government is in the process of finalizing the front-end engineering design (FEED) study for the project in order to announce the project\u2019s final investment decision (FID).<\/span><\/p>\n

Why is this significant? <\/strong>\u201cThe addition of a new LNG train is a key component of Oman's strategy to solidify its position as a leading producer and exporter of liquefied natural gas in the global market,\u201d Oman\u2019s Energy Minister Salem Al Aufi said in the statement.<\/p>\n

LNG is big in Oman: <\/strong>The country \u2014 the ninth-largest LNG exporter globally<\/a> \u2014 exported nearly 1 mn metric tonnes of LNG<\/a> in February 2024, with global exports totalling 33.9 mn tonnes. It also exported 11.4 mn metric tonnes of LNG in 2023, making up 3% of the world\u2019s total LNG exports. <\/p>\n

There\u2019s been a lot of Omani LNG action lately: <\/strong>Oman\u2019s Asyad Group is planning an IPO of its LNG transport<\/a> arm Asyad Shipping by the end of year. TotalEnergies inked a Sale and Purchase Agreement (SPA) with Oman LNG<\/a> back in April to offtake 0.8 mn metric tons per annum of LNG for a 10-year period beginning in 2025. Oman LNG also signed a SPA with Turkey\u2019s BOTAS Petroleum Pipeline Corporation<\/a> for the supply of 1 mn metric tonnes per annum (mtpa) of LNG for 10 years and Japan\u2019s Jera for the supply of 0.8 mn metric tons<\/a> of LNG per year over the same period \u2014 both starting 2025.<\/p>\n","protected":false},"excerpt":{"rendered":"

The project is set to produce 3.8 mn metric tonnes of LNG per year<\/p>\n","protected":false},"author":1,"featured_media":79988,"comment_status":"","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[296],"tags":[227,142,121,32],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-79987","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-rail","tag-lng","tag-oman","tag-rail","tag-trade","wpautop","entry"],"acf":{"mongo_id":"47f6d9f3-1ae0-4436-97b8-99bd13cdf11f","order":"3","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/7\/2303.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Oman to develop a new LNG railway in South Sharqiyah","related_issue":[79982],"teaser":"The project is set to produce 3.8 mn metric tonnes of LNG per year","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/8\/.c9011bf3-326f-4aab-a4ae-52428411a892.mp3"},"yoast_head":"\nOman to develop a new LNG railway in South Sharqiyah - 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