Oman LNG
Oman LNG operates a 10.4 MTPA LNG and NGL production facility at Qalhat, Oman, selling primarily to major Asian energy buyers under long-term Sale and Purchase Agreements and to OQ domestically.
- Company typePrivate
- Founded1994
- HeadquartersMuscat, Oman
- Headcount501–1,000
- GTM typeB2B
- OfferingServices
What Oman LNG does
Oman Liquefied Natural Gas LLC (Oman LNG) is a joint venture company established by Royal Decree in 1994 and domiciled in the Sultanate of Oman, with its corporate head office in Muscat and a single integrated liquefaction facility in Qalhat near Sur. The company produces liquefied natural gas (LNG) and natural gas liquids (NGLs) using three liquefaction trains with a combined 10.4 MTPA nameplate capacity, drawing feed gas through a dedicated 360 km, 48-inch pipeline from the Central Oman Gas Field Complex. In 2013 Oman LNG merged with Qalhat LNG, consolidating Oman's LNG operations under one entity with combined capacity of 11.4 MTPA.
The company's commercial model centers on long-term Sale and Purchase Agreements (SPAs) with major Asian energy buyers, including KOGAS (4.1 MTPA, 2000–2024), Osaka Gas (0.7 MTPA under a 25-year partnership), Itochu (2006–2024), and BP Singapore (1.1 MTPA, 2018–2025), with NGLs sold domestically to OQ under a 2019–2024 agreement. A 2025 MoU with Naturgy Energy Group targets up to 1 MTPA of European supply from 2030. Ownership is anchored by the Oman Investment Authority at 51%, with Shell (30%), TotalEnergies (5.54%), Korea LNG (5%), Mitsubishi (2.77%), Mitsui (2.77%), PTTEP (2%), and Itochu (0.92%) holding minority positions and providing technical and commercial input.
Operationally, Oman LNG produced 11.5 million metric tonnes of LNG in 2023, achieved a record 21 million hours without Lost-Time Injury, and delivered the Middle East's first carbon-neutral LNG cargo in 2022. The company is investing in digital transformation via a renewed Baker Hughes services agreement establishing the Oman iCenter, advanced digital training modules, AI-driven predictive maintenance, and carbon capture systems, while maintaining a 96% Omanisation rate and channeling social investment through the Oman LNG Development Foundation.
Oman LNG firmographics
Firmographics- Name
- Oman LNG
- Legal name
- Oman Liquefied Natural Gas LLC
- Website
- https://omanlng.co.om
- Company type
- Private
- Founded year
- 1994
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- Oman LNG operates a 10.4 MTPA LNG and NGL production facility at Qalhat, Oman, selling primarily to major Asian energy buyers under long-term Sale and Purchase Agreements and to OQ domestically.
- Ownership category
- akta.pro rank
Oman LNG industry classification
Industry- Product category
- Liquefied Natural Gas Production
- NAICS
- Pipeline Transportation of Natural Gas (48621), Pipeline Transportation of Natural Gas (486210)
- SIC
- Natural Gas Transmission (4922)
- akta.pro primary industry
- LNG Liquefaction Plants (Onshore & FLNG) (EUALAFAA)
- akta.pro secondary industries
- LNG Liquefaction (Export Terminals) (EUAAACAE), LNG Storage, Terminals & Bunkering (Peak Shaving, Small-Scale LNG) (EUALAFAD)
Keywords
Where Oman LNG is headquartered
LocationHeadquarters
- HQ city
- Muscat
- HQ country
- Oman
- HQ region
- Middle East
Offices2 records
Markets served
Oman LNG business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Infrastructure, Personnel, Supply Chain, Technology or R&D
Revenue model
- LNG Sales: Oman LNG produces and sells Liquefied Natural Gas (LNG) to customers globally, primarily in Asia. The company operates under long-term Sale and Purchase Agreements (SPAs) with buyers including KOGAS (4.1 MTPA), Osaka Gas (0.7 MTPA), Itochu Corporation, and BP Singapore (1.1 MTPA). LNG is transported via specialized vessels to customer destinations.
- NGL (Natural Gas Liquids) Sales: Oman LNG produces and sells NGLs as a by-product of the LNG production process. The company supplies approximately 250,000 metric tonnes per annum of NGL product to OQ.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Multi-year contract | Long-term SPA contracts with major buyers |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels6 records
Oman LNG product offering
Product offeringCore offering
Oman LNG produces and sells Liquefied Natural Gas (LNG) and its by-product Natural Gas Liquids (NGLs) through three liquefaction trains at the Qalhat plant near Sur, Oman, with a combined nameplate capacity of 10.4 million tonnes per annum. Feed gas is sourced from the Central Oman Gas Field Complex and transported via a 360 km, 48-inch pipeline to the liquefaction facility, and the resulting LNG is shipped primarily to Asian markets under long-term Sale and Purchase Agreements with major energy buyers.
Product overview
Oman LNG operates a single integrated LNG production facility with three liquefaction trains at Qalhat near Sur, producing 10.4 million tonnes per annum of Liquefied Natural Gas (LNG) as its primary product and Natural Gas Liquids (NGLs) as a by-product. The company integrates with Qalhat LNG (since 2013) under unified operations. Feed gas is sourced from the Central Oman Gas Field Complex operated by Petroleum Development Oman (PDO) and transported via a 360 km, 48-inch pipeline to the coastal plant. LNG is shipped via specialized carriers to customers in Asia (Japan, Korea, Singapore) and potentially Europe. The company also operates the Oman LNG Development Foundation (ODF) for corporate social responsibility activities.
Differentiator
Problem solved
Functional benefit
Products and services
- Liquefied Natural Gas (LNG) Primary product of Oman LNG, produced through three liquefaction trains at the Qalhat facility near Sur with a combined nameplate capacity of 10.4 million tonnes per annum. LNG is cooled to -162°C and shipped via specialized LNG vessels to enterprise energy buyers in Asia (Korea, Japan, Singapore) and potentially Europe under long-term Sale and Purchase Agreements.
- Natural Gas Liquids (NGLs) By-product of the LNG liquefaction process, including ethane, propane, butane, and pentane/hexane condensates removed during gas processing. Approximately 250,000 metric tonnes per annum are supplied to OQ (Oman's national oil company) under a long-term agreement.
Quantifiable outcome
- Produced 11.5 million metric tonnes of LNG in 2023
- +3 more outcomes
Companies that use Oman LNG
Customer profileNamed customers5 records
Segments1 record
Ideal customer profiles1 record
Oman LNG technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Oman LNG partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered key, core, major and minor.
- Osaka Gas (Japan)keyOman LNG and Osaka Gas celebrated the delivery of the 1,000th LNG cargo to Japan in July 2025, marking a 25-year strategic energy partnership between the two companies and strengthening Oman-Japan bilateral relations.
- Baker HughescoreOman LNG renewed its long-term services agreement with Baker Hughes in 2025, extending their nearly two-decade partnership for another decade to support LNG production operations. The agreement includes establishing the Oman iCenter, a digital hub for monitoring critical equipment and supporting digital innovation and workforce development in Oman.
- Naturgy Energy Group (Spain)majorOman LNG and Spain's Naturgy signed an MoU for the purchase and sale of liquefied natural gas, involving natural gas transportation and distribution. The deal involves potential supply of up to 1 million tons annually for 10 years from 2030, as part of Naturgy's strategy to reduce gas risk exposure and prepare for the EU ban on Russian gas imports effective 2027.
- PTTEP (Thailand)minorPTTEP, Thailand's national oil and gas exploration and production company, holds stakes in Oman LNG and Qalhat LNG with combined capacity of 11.4 million tonnes per annum. PTTEP is expanding its presence in Oman's energy sector through participating interests in multiple upstream assets.
- Shell Gas B.V.coreShell holds 30% stake in Oman LNG and maintains two board seats. Shell provides technical expertise and commercial guidance as a major shareholder and operational partner in LNG production and marketing activities.
- TotalEnergiescoreTotalEnergies holds 5.54% stake in Oman LNG and maintains board representation. TotalEnergies increased hydrocarbon production in Oman to approximately 69K boe/d in 2025 and is advancing the Middle East's first LNG bunkering hub at Sohar Port.
- OQ GroupkeyOQ serves as the pipeline operator for the 360 km pipeline transporting feed gas from Central Oman Gas Field Complex to the Qalhat LNG plant. OQ also purchases approximately 250,000 metric tonnes per annum of NGL product from Oman LNG.
- Korea LNG Ltd.keyKorea LNG holds 5% stake in Oman LNG and is the largest buyer with a 4.1 MTPA long-term SPA (April 2000 - December 2024), representing a cornerstone commercial relationship for Omani LNG exports to Korea.
Scale indicators8 records
Recent moves7 records
Expansion highlights5 records
Oman LNG competitors and assessment
Company assessmentDirect peers
- QatarEnergy: Qatar's state-owned LNG major and the world's largest LNG producer. Operates multiple liquefaction trains with similar mid-scale train design and long-term SPA-based commercial model targeting Asian and European buyers.
- Abu Dhabi National Oil Company (ADNOC): UAE national oil company operating LNG liquefaction and export from Das Island. Regional Middle East peer with state ownership, Asian long-term SPA customers, and similar export-terminal infrastructure.
- Cheniere Energy: Largest US LNG exporter operating Sabine Pass and Corpus Christi terminals. Comparable liquefaction-train-based business model with long-term SPAs to Asian and European utilities and similar Henry Hub-linked pricing exposure.
- Woodside Energy: Australia-based LNG producer operating Pluto and NWS facilities. Sells LNG to Asian buyers under long-term contracts; comparable liquefaction-plus-shipping integrated model.
- Venture Global LNG: US LNG developer and exporter with Calcasieu Pass and Plaquemines facilities. Comparable multi-train liquefaction model and direct SPA relationships with Asian and European utilities.
- Petronas: Malaysia's state-owned energy company and a major LNG exporter via its Bintulu complex. Competes directly with Oman LNG for Asian LNG market share and shares similar long-term SPA sales model.
- Equinor: Norwegian integrated energy major with significant LNG portfolio (Hammerfest, plus offtake stakes). Competes for European LNG demand alongside Oman LNG's emerging Naturgy relationship.
- NOVATEK: Russia's largest independent LNG producer operating Yamal LNG and Arctic LNG projects. Comparable multi-train liquefaction design and Asian/European long-term SPA book.
Emerging players
- NextDecade: US-based LNG developer advancing Rio Grande LNG in Texas. Emerging competitor targeting similar Asian and European long-term SPA customers as Oman LNG.
Broad incumbents
- Shell: Global integrated LNG major with interests in Australia, Qatar, and Trinidad. Also Oman LNG's largest non-government shareholder (30%), creating both partner and broad competitor dynamics across global LNG markets.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat7 records
Key risks7 records
Key highlights7 records
Customer concentration
Oman LNG social profiles
Digital presenceOman LNG compliance and trust
Trust signalCompliance2 records
Oman LNG financial estimates
Financial estimateRevenue estimate
Valuation estimate
Oman LNG leadership team
Management profileNumber of profiles
Profiles7 records
Oman LNG subsidiaries and ownership
Company hierarchySubsidiaries1 record
Oman LNG funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Oman LNG M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Oman LNG
What does Oman LNG do?
Oman LNG produces and sells Liquefied Natural Gas (LNG) and its by-product Natural Gas Liquids (NGLs) through three liquefaction trains at the Qalhat plant near Sur, Oman, with a combined nameplate capacity of 10.4 million tonnes per annum. Feed gas is sourced from the Central Oman Gas Field Complex and transported via a 360 km, 48-inch pipeline to the liquefaction facility, and the resulting LNG is shipped primarily to Asian markets under long-term Sale and Purchase Agreements with major energy buyers.
Is Oman LNG a public or private company?
Oman LNG is a private company. It is classified as state government owned and is currently operating.
When was Oman LNG founded?
Oman LNG was founded in 1994. It employs 501 to 1,000 people.
Where is Oman LNG based?
Oman LNG is headquartered in Muscat, Oman, in the Middle East region.
How does Oman LNG make money?
Two revenue lines are on record. LNG Sales are the primary driver. The others are NGL (Natural Gas Liquids) Sales.
Who are Oman LNG's main competitors?
Direct peers on record are QatarEnergy, Abu Dhabi National Oil Company (ADNOC), Cheniere Energy, Woodside Energy, Venture Global LNG, Petronas, Equinor and NOVATEK. NextDecade is listed as an emerging player. Shell is listed as a broad incumbent.
Does Oman LNG have an API?
No public API is recorded for Oman LNG.
What industry is Oman LNG in?
Oman LNG's product category is Liquefied Natural Gas Production. Its primary akta.pro industry code is EUALAFAA, LNG Liquefaction Plants (Onshore & FLNG), with a secondary code of EUAAACAE, LNG Liquefaction (Export Terminals). Its NAICS code is 48621 and its SIC code is 4922.