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FinancialNews


  • 01-06-17

    Demand from Omani natural gas power projects to grow by 3pct

    (MENAFN) The average annual growth in demand for natural gas power generation will increase at 3 percent for the coming seven years amid the Main Interconnected System areas in Oman.

    However, whole natural gas consumption at the main power plants last year fell 4 percent to almost 7.01bn standard cubic meters, which is equivalent to 19.4mn standard cubic meters.

    Accordingly, the reduction of 4 percent increase in natural gas needs contrasts with the 4 percent increase in elect generation over the same period.

    Meanwhile, this improvement comes from transmission grid upgrades that enabled better access to the most efficient generation plants.

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