In a positive sign that the economic activity is rebounding in Oman, the sultanate’s consumption of natural gas rose by 6.3 per cent year-on-year in the first quarter of 2021 compared to the same period of last year.
Total consumption of natural gas rose to 11,643mn cubic metres (mncm) during the first three months of 2021 against 10,949mncm in the corresponding period of 2020.
The growth in total consumption was driven by increased natural gas demand in oilfields, power plants and industrial areas, the Ministry of Energy and Minerals’ figures released by the National Centre for Statistics and Information (NCSI) showed.
Oman produced and imported a total of 11,643mncm natural gas to meet the country’s demand during the January–March period of this year, which is more than 6 per cent higher compared to the total of production and imports in the first quarter of 2020.
Industrial projects, the biggest natural gas consuming sector in the sultanate, recorded a total gas consumption of 7,159mncm in the first three months of this year, which is almost same as compared to 7,163mncm consumption in the same period a year ago.
The industrial and manufacturing sector activities started to pick up since the last quarter of 2020 as the demand started to improve after the easing of COVID-19 restrictions.
Gas usage in the oilfields increased by more than 20 per cent to 3,017mncm in the first three months of this year against 2,500mncm in the same period of 2020.
Gas consumption in the power generation projects increased by 13.3 per cent to 1,415mncm in the first three months of 2021 compared to 1,248mncm in the same period of previous year.
As per the recently released figures of the Ministry of Finance, the government’s total gas revenues slightly increased to RO365.3mn in the first quarter of 2021 compared with RO365mn in the same period a year ago.
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