Gas to overtake oil production in Oman by 2023, says Rystad - The National

Gas to overtake oil production in Oman by 2023, says Rystad - The National:

Gas production is set to overtake crude in Oman by 2023 due to a surge in the output of cleaner fuel, according to a study.

“Gas is on the rise in Oman, and this transition is very timely. Oil output declines over the last two years may indicate a point of no return for Omani oil, but the country’s sliding oil production is set to be replaced by gas,” said Aditya Saraswat, an analyst with Norway's Rystad Energy.

Oman is not a member of Opec. The sultanate is one of the smaller hydrocarbon producers in the Gulf, with some of the highest breakeven prices for crude. Oman has sparse gas resources compared to its regional peers and recently undertook efforts to boost output by tapping into some of its tighter reserves.