Mon, May 20 2024 20 May, 2024

Middle Eastern LNG expansion in spotlight on cusp of Oman Petroleum & Energy Show

The Oman Petroleum & Energy Show opens later this month against a backdrop of shifting allegiances in the LNG sector, with Persian Gulf State oil giants eyeing the global stage.

An aerial view of Muscat, Oman (Photo: Adobe Stock/joauqin)

The expansion of Middle Eastern energy giants into the global LNG sector is in the spotlight as the Oman Petroleum & Energy Show approaches, which Gas Outlook will be reporting from later this month.

As previously covered by Gas Outlook, state-owned Saudi Aramco and the Abu Dhabi National Oil Company (ADNOC) are currently in talks with U.S. LNG developers to invest in gas export terminals on the U.S. Gulf Coast. Gulf oil giant Aramco is eyeing an investment in phase 2 of Port Arthur LNG in Port Arthur, Texas, according to a Reuters report last month.

Meanwhile ADNOC is considering investing in phase 4 of NextDecade’s Rio Grande LNG in Brownsville, Texas.

Last year Aramco made its first international investment in LNG, acquiring a strategic minority stake in MidOcean Energy for $500 million. MidOcean is owned and managed by U.S. investment firm EIG, which was part of a consortium that acquired a 49% stake in Aramco’s oil pipelines in 2021.

MidOcean Energy is currently in the process of acquiring interests from Tokyo Gas in four Australian LNG projects with the aim to further diversity its global LNG business.

Gas Outlook will be following discussions on the role of Middle Eastern energy giants in the global LNG sector at the Oman Petroleum & Energy Show, which takes place in Muscat from 22-24th April.

Gas Outlook correspondent Fatima Sadouki will also be reporting on, among other topics, the road to net zero in the Middle East, including how green hydrogen and CCS are being used as energy transition solutions, and the role of gas in the region’s future energy mix.

Stay tuned with our news & analysis, and tweets from the conference. 

Continue reading

أكمل القراءة