Oman LNG

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.

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

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

• Liquefied natural gas
• Natural gas liquids
• Lng liquefaction
• Lng production
• Energy exports

Headquarters

HQ city

Muscat

HQ country

Oman

HQ region

Middle East

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Supply Chain, Technology or R&D

Revenue model

1. 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.
2. 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

Go-to-market motion1 record

Distribution channels1 record

Marketing channels6 records

Core 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

Named customers5 records

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Eight partnerships are on record, tiered key, core, major and minor.

• Osaka Gas (Japan)keyStrategic or Co-development Partner · 14 July 2025Oman 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 HughescoreTechnology or Integration · 1 January 2025Oman 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)majorStrategic or Co-development PartnerOman 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)minorStrategic or Co-development PartnerPTTEP, 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.coreStrategic or Co-development PartnerShell 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.
• TotalEnergiescoreStrategic or Co-development PartnerTotalEnergies 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 GroupkeyChannel Partner/ Reseller/ DistributorOQ 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.keyChannel Partner/ Reseller/ DistributorKorea 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

Direct 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

• Xx.com/OmanLNG
• Facebookfacebook.com/OmanLNGCompany
• LinkedInlinkedin.com/company/oman-lng-l-l-c-

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Oman LNG