Oman LNG Faces Further Revenue Downside

State-owned Oman LNG recorded an annual drop in revenue of around 9% to $4.074bn in 2014, as export volumes fell from 8.9mn tons/year in 2013 to 7.95mn t/y last year, the company said in its Annual Report last week. The 2014 export volume published by Oman LNG is marginally higher than the 7.73mn t/y reported last month by the International Group of LNG Importers (GIGNL).

The weaker performance was put down to a major maintenance shut-down at Train 1 – its biggest since the two-train 7.1mn t/y Oman LNG plant was built in 2000 near Sur in the South Sharqiyah governorate, northeast Oman. (CONTINUED - 939 WORDS)