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29 10 2018
Summit on gas and liquefied gas in the Middle East
We aim to increase gas production to meet demand and future projects with Shell, Total and Occidental in Dakham.
The gas liquefaction plant in Tire is sufficient. It is possible to increase its capacity by 10%.
Al-Kitani: 5 strategic projects to increase the production of "liquefied gas". Changing the nature of contracts weighs on prices
HE Mr. Mohammed bin Hamad Al Rumahi, Minister of Petroleum and Gas, inaugurated the conference, which was attended by HE Mr. Mohammed Bin Hamad Al Rumahi, Minister of Oil and Gas, during which he emphasized the importance of gas and liquefied natural gas in the global economy. The increase of supply and demand in a number of Middle Eastern countries with increasing demand, especially from emerging countries, highlighting that the Sultanate has many discoveries and projects of production and of Gas liquefaction, including projects with international companies such as "Shell" and "Total" do not depend on production Gas even includes the sun To meet the growing demand of growing industries and industries.
He answered a question on the "vision" of the remarkable rise in the oil production levels of the Sultanate: the Sultanate has not given up its agreement with the oil producing countries of OPEC and of abroad, but there is an agreement between these countries to increase the oil production of these countries combined Between 500,000 and 600,000 barrels, these quantities exceeded the amounts actually needed and were agreed to reduce at the meeting of Vienna from last year. Due to the lack of supply in the market, countries wishing to increase their production and able to produce more have started, started Russia and Saudi Arabia GT See it increase its production .
He pointed out that the increase in oil production in the Sultanate is still modest compared to its ability to increase production, noting that the Sultanate's daily oil output will reach one million barrels over the next two months.
Regarding the fluctuation of oil prices over the past period, he said: This issue will be discussed on 11 November at the regular meeting of the Committee to monitor compliance with the agreement to reduce production of oil. Abu Dhabi in the United Arab Emirates.
Regarding average prices, he said that the current average was very satisfactory for Oman. "For us, the current average prices are between $ 75 and $ 80 a barrel, and if we stay in this average next year, we are satisfied with the Sultanate and hope that the others are satisfied," he said. he declared.
The Ministry of Finance is working on the budget estimates, which fall within its purview, pointing out that it is difficult to adopt current averages and that estimates may be slightly higher than this year's forecasts.
Regarding the potential of the Sultanate to liquefy natural gas and in parallel with the volume of new gas exploration activities, he pointed out that the liquefaction plant of Tire gas was still sufficient for the current production of gas, pointing out that there were no plans to install new liquefaction plants, although the existing plant capacity could be increased by 10%. During the next phase if necessary.
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The Sultanate, represented by Oman LNG, will be the host of the Conference on Natural Gas and Liquefied Natural Gas (LNG) in the presence of senior officials, leaders and experts from the international gas sector, who will be held from October 29 to 30 at the Amman International Convention and Exhibition Center.
HE Dr. Mohammed bin Hamad Al Rumhi, Minister of Petroleum and Gas, said the conference was taking place at a perfect time given the rapid growth of the gas and liquefied natural gas industry, where gas is an important resource in the Middle East.
He pointed out that gas and LNG were two of the main commodities of demand and energy production in the region and in the world, and that many countries were talking about the gas industry and related industries as it was of paramount importance for the future of energy. The region will increase its contribution to 25% of global gas and liquefied natural gas production by 2025, a significant proportion.
The conference will be accompanied by a series of workshops and meetings that will provide officials, policy makers and oil and gas experts with the opportunity to exchange knowledge, raise awareness and discuss options. the natural gas supplier in terms of sustainable energy availability and its role in social and economic development. Overcome them.
Hareb Bin Abdullah Al Kittani, CEO of Oman LNG, said at the opening session: "The conference is an excellent opportunity to share knowledge and experience with senior executives and experts from the gas industry. is a valuable opportunity to discuss the role of natural gas today and in the near future.
There is no doubt that the conference coincides with the rapid evolution of the gas industry around the world.
He explained that the company Omani LNG Company had started its work in 2000 and that, until now, this relatively short period has been marked by a strong growth of the activities of the company. It is now exported to about fifteen countries and has made more than 2,300 shipments. It has entered into numerous agreements and completed 5 strategic projects. .
Al-Kitani explained that the concession agreement between the company and the Omani government to liquefy gas ends in 2025 and that the company is able, if the government and the shareholders agree to extend the agreement for a new period, pointing out that the nature of the system of gas export contracts differs from the last period elapsed after the gas and LNG were treated Traders are no longer the prevailing long-term agreements, especially with global discoveries and increased production in the world, stressing that this pressure on prices requires at the same time the ability to be competitive through innovation and advanced technology in the making.
This conference is part of Oman LNG's desire to attract international conferences and events in the gas industry, convinced of the importance of such scientific events for the dissemination of knowledge and exchange of experiences and skills between experts and specialists of the Sultanate. Organize such events to highlight the many aspects of tourism that the Sultanate boasts from its strategic geographical position to high-level facilities ready to host such conferences.
It is estimated that the Sultanate provides the world with 3% of the LNG supplier of global total demand for this resource, which contributes significantly to balancing the supply and demand of this biofuel. LNG has many features and features that make it an option for clean energy sources.
At the local level, the natural gas industry in Oman has developed considerably, guided by the vision of His Majesty Sultan Qaboos bin Said to diversify the sources of national income.
The Sultanate is expanding its economic base and has embarked on a series of innovative and ambitious policies to diversify its sources of revenue, the most important of which is to exploit its natural gas resources for export in its liquefied form, which is now the main contributor to the national economy, after oil, to contribute directly to the advancement of social and economic development. Before the sultanate.
© Vision 2018
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