New RCA to give Oman Gas more leeway

The Oman Gas Co has signed a 50-year Restated Concession Agreement (RCA) with the Omani government. The RCA grants the OGC the concession to own and operate Oman’s gas transmission system of pipelines, meters, compressor and gas supply stations under a new revenue framework. The new framework implements a tariff on gas transportation that will reflect cost, and it is based on a Regulatory Asset Base method consistent with international practice and will be regulated by the Authority for Electricity Regulation.