Oman finds itself in a good position as it seeks to renegotiate its existing long-term LNG supply contracts that expire between 2024 and 2026. High gas production and LNG export levels last year have been met with expected high LNG prices and strong demand, triggered largely by Russia’s war in Ukraine and subsequently by a projected rebound of the Chinese economy. Less than a decade ago, Oman’s LNG future was clouded in uncertainty amid declining domestic natural gas output and rapidly rising demand. Today, the sultanate’s LNG prospects look as bright as ever — thanks to a remarkable reversal in the country’s gas ... (full story)