Oman’s 2018 LNG Revenues Increased by 60%

The 2018 annual report of Oman Liquefied Natural Gas Company showed that the company’s total revenues increased by 60% to reach $3.50 billion, a sharp increase from $2.19 billion in 2017. Meanwhile, its net income increased by 68% to $1.79 billion in 2018, from $642 million in 2017.

The report showed that Oman’s LNG production rate hit 10.4 million tons in 2018, up from 8.60 million tons in 2017. The jump in profit is attributed to increased production and price.


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