Oman energy markets long-term outlook 2017: Domestic demand and LNG exports competing for gas supply
BP's Khazzan field will ease tightness in Oman's domestic gas balance and support an increase in LNG exports in the short term. From the mid-2020s declining production combined with growing demand will lead to a continuous decrease in LNG exports. Gas will remain the dominant fuel in Oman's energy mix. Population and economic growth will drive gas demand mainly from power generation and industry. From an overall economic perspective oil will remain important to Oman but this role will continually decline due to decreasing production and – at least for the medium term – low oil prices.