Oman LNG is offering to sell a cargo of liquefied natural gas to be delivered to Asia, according to people with knowledge of the matter, signaling a trickle of the fuel continues to flow from the Middle East despite the Iran war.
Traders have been closely watching Oman, the world’s eighth largest LNG producer, for signs it would continue shipping it as attacks in the region intensify. The nation’s export plant is on the Arabian Sea, meaning tankers don’t need to pass through Strait of Hormuz to access it.
The US and Israel’s war against Iran has cut off about a fifth of the world’s LNG supply. The world’s largest LNG export facility, in Qatar, has been shut down for more than two weeks following an Iranian drone strike on the plant. Shipments from the United Arab Emirates, meanwhile, are all but trapped inside the Persian Gulf because Iran has effectively blocked the strait.
Oman’s LNG plant in Qalhat has loaded nine cargoes since the war began, according to shipping data compiled by Bloomberg. The recent shipment it’s offering is for delivery from late April to early May, the people said. The tender closed earlier Tuesday.
While supplies continue to flow from Oman, Rystad warned in a research note that its LNG exports could still be at risk, particularly since Iran has already attacked one of the nation’s ports in Sohar, about 200 miles (320 kilometers) northwest of the LNG plant in Qalhat.
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