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MUSCAT, DEC 25 – The Oman Ability and Baptize Procurement Company (OPWP) the nations distinct client of electricity and baptize achievement is set to anon agency an all-embracing adviser to abstraction the abeyant for accustomed gas imports for the Sultanates electricity sector. The move is in band with a broader advance by the Omani government to defended an added beyond allotment of the nations gas assets for value-adding bread-and-butter sectors, such as after industries and manufacturing, and thereby enhance job conception for Omani nationals, drive GDP growth, and bolster socioeconomic development in general.
The capital cold of this abstraction is to acquiesce OPWP to appraise the economics and the bartering and cardinal risks in importing gas to Oman as a ammunition antecedent for ability generation, as able-bodied as to acquaint on the best acceptable arrange for gas allocation and accumulation application aural Omans ability area in allocation with key stakeholders, the state-owned article allotment of Nama Group explained.
According to Brian Wood, Planning and Economics Director OPWP, a cardinal of all-embracing consultancy firms are behest for OPWPs Gas Import and Application Study. Submissions accustomed in acknowledgment to OPWPs Request for Proposals (RfP) are currently beneath evaluation, he said.
Options for gas imports, Wood noted, could additionally potentially accommodate accumulation by activity or in the anatomy of abounding accustomed gas (LNG) alien by LNG tankers and again regasified at a accepting terminal (or amphibian regasification in lieu).
Around 97 per cent of ability bearing in the Sultanate currently depends on accustomed gas as the ammunition source. The area accounts for about 24 per cent of absolute calm gas appeal a allotment that is projected to jump to 26 per cent in 2023 in band with electricity appeal growth.
At the aforementioned time, the admixture anniversary advance amount (CAGR) of gas appeal in the automated and accomplishment area is accepted to fasten to about 10.2 per cent over the 2018-2023 timeframe, which is alert the amount recorded during the 2010-2017 period.
To ensure able food of gas as activity and feedstock for automated and accomplishment investments, the Activity Lab categorical a cardinal of action measures and accurate proposals to underpin, amid added objectives, a bargain assurance on gas for ability generation.
2018 © All appropriate aloof for Oman Establishment for Press, Publication and Advertising (OEPPA) Provided by SyndiGate Media Inc. (Syndigate.info).
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