SUL­TANATE HOSTS GAS AND LNG MID­DLE EAST SUM­MIT

Oil and Gas - - IN THE NEWS -

The Sul­tanate re­cently hosted the pres­ti­gious Gas and LNG Mid­dle East Sum­mit un­der the pa­tron­age of HE Dr. Mo­hammed Al Rumhy, Min­is­ter of Oil and Gas, with Oman LNG as the key spon­sor. The Sum­mit, a col­lab­o­ra­tion be­tween Oman LNG and Wis­dom Events, was at­tended by many se­nior level ex­ec­u­tives and gas ex­perts from the global gas in­dus­try.

In his wel­come note, HE Dr. Mo­hammed Al Rumhy said the Gas and LNG Sum­mit is timely con­sid­er­ing the growth in the Gas and LNG in­dus­try in the Mid­dle

East as they have be­come an im­por­tant com­mod­ity. The whole re­gion is now dis­cussing the value and im­por­tance of gas and LNG. We have been blessed with new dis­cov­er­ies. He added that the Mid­dle East will con­tinue to be a ma­jor hub for gas and LNG in the com­ing years. There is mas­sive growth of LNG im­ports in the east of our re­gion.

The con­fer­ence pro­vided an op­por­tu­nity for of­fi­cials, de­ci­sion-mak­ers and spe­cial­ists in the gas and LNG sec­tors to share knowl­edge, raise aware­ness and dis­cuss the strate­gic op­tions and so­lu­tions of­fered by nat­u­ral gas sup­pli­ers and ser­vice providers in terms of sus­tain­abil­ity of en­ergy avail­abil­ity and its piv­otal role in so­cial and eco­nomic de­vel­op­ment. The panel ses­sions pro­vided an op­por­tu­nity for gov­ern­ment rep­re­sen­ta­tives and in­dus­try pro­fes­sion­als to share knowl­edge, raise aware­ness and dis­cuss tech­ni­cal en­hance­ments and safety chal­lenges re­lated to this bour­geon­ing in­dus­try.

“We look for­ward to learn­ing from each other and shar­ing knowl­edge. With se­nior lead­ers, part­ners and ex­perts in the gas in­dus­try, we have an in­valu­able op­por­tu­nity to dis­cuss the role of nat­u­ral gas to­day, and in the near fu­ture,” Harib Al Ki­tani, Chief Ex­ec­u­tive Of­fi­cer of Oman LNG, said.

Oman sup­plies a crit­i­cal three per cent of liq­ue­fied nat­u­ral gas to meet de­mand in in­ter­na­tional LNG trade and its vol­umes are piv­otal in keep­ing the bal­ance of sup­ply and de­mand. The global liq­ue­fied nat­u­ral gas mar­ket needs are ex­pected to de­velop much faster than pipe­line gas trade due to the flex­i­ble na­ture of liq­ue­fied nat­u­ral gas and its ac­ces­si­bil­ity to coun­tries. Nat­u­ral gas pos­sesses a list of prop­er­ties that com­bine to make it a more de­sired en­ergy op­tion such as its non-toxic na­ture, abil­ity to float on water, be­ing odour­less and colour­less, and lighter than air when burned. As the global en­ergy in­dus­try turns to re­new­ables, liq­ue­fied nat­u­ral gas is per­fectly po­si­tioned to pro­vide so­lu­tions for the mid to long term.

The LNG in­dus­try is also a sig­nif­i­cant con­trib­u­tor to a steadily in­creas­ing qual­ity of life for cit­i­zens and res­i­dents in the Sul­tanate of Oman through its ex­e­cu­tion of a wide swath of so­cial in­vest­ment pro­grammes that ad­dresses many eco­nomic and so­cial needs. Ex­port of Oman’s first cargo was in 2000 and since then pro­ceeds from the blos­som­ing trade have sup­ported what some ob­servers have de­scribed as an am­bi­tious di­ver­si­fi­ca­tion pro­gramme that has spurred growth in other im­por­tant sec­tors of the econ­omy in­clud­ing tourism, agri­cul­ture and the spread of vi­tal in­fra­struc­ture that sup­port busi­nesses and daily life.

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