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MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
LNG
Oman LNG is in early discussions with the government to expand production with its fourth train, according to Platts.
- This could add up to 30% more capacity and could fill the shortage seen from 2029 onwards, its CMO Mahmoud al-Baloushi told Platts.
- Oman LNG has three trains with a total production capacity of 11.4m mtpa, with a fourth train adding up to 3.6mhi -3.7m mtpa
- Around 10-15% of Oman’s sales are via the spot market. The remainder are Brent-indexed term contracts.
- Most of Oman’s spot trading is with Asian buyers, with other sources more competitive for European importers.
- Platts assessed the JKM delivered price at $10.33/MMBtu April 22, down from $11.25/MMBtu since the start of 2024.
- Prices are down due to additional supply and some buyers turning to coal.
Source: S&P Global Commodity Insights
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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