Arab natural liquefied gas (LNG) exports showed a recovery in exports from the UAE and Oman in Q1 of this year (January-March 2022), compared to the same period last year, according to an official report published by the Organization of Arab Petroleum Exporting Countries (OAPEC).
According to the study, Oman’s total LNG exports in Q1 2022 totaled 2.9 million tons, up from 2.6 million tons in the same quarter of 2021, representing an 11.5 percent increase, the largest among Arab countries.
The report revealed that the Oman Liquefied Natural Gas Company (Oman LNG)’s gas liquefaction units in Qalhat are operating at full capacity, which is projected to be 10.4 million tons per year.
According to the analysis, Arab countries’ LNG exports in Q1 of 2022 were 27.7 million tons, down 4.5 percent year-on-year from 29 million tons in the same quarter in 2021.
The findings showed that Arab countries held a market share of 27.9 percent of global LNG exports.
In addition, the report highlighted that during Q1 of 2022, Qatar had the largest value of LNG exports among Arab countries, with 19 million tons.
The data indicated that the total world LNG exports in Q1 of 2022 amounted to 99.3 million tons, equaling exports in the Q4 of 2021.
Meanwhile, Egypt’s LNG exports in Q1 of 2022 maintained the same level as Q1 of 2021. According to the data monitored by Engineer Wael Hamed Abdel Moati, Egypt’s LNG exports during Q1 of 2022 amounted to about 1.9 million tons.
Moreover, the research indicated that LNG exports from the UAE increased by 7.1 percent year-on-year in Q1 of 2022, hitting 1.5 million tons, up from 1.4 million tons in the same period of 2021.
This surge was driven by the LNG plant on Das Island, which operated at nearly full capacity (around 5.8 million tons per year).
