MUSCUT, SEP 14: Alternative routes are needed to allow flows of liquefied natural gas to bypass the Strait of Hormuz, Oman’s energy minister told a major gathering of gas producers and traders, as months of conflict in the Arabian Gulf continue to disrupt shipments.
“Let’s identify alternative export options,” Salim al-Aufi, Oman’s minister of energy and minerals, said at the Gastech conference in Bangkok on Monday. “Be it north or through Oman or through Yemen. Diversify your options to get the resources out of the area.”
The comments come as Adnoc Gas Plc considers a new LNG export facility outside Hormuz, a key conduit for a fifth of global supply of the super-chilled fuel in normal times. Oman currently operates one LNG export plant on the eastern side of the country that doesn’t depend on Hormuz.
Oman’s energy minister also said on Monday that the disruption to the Strait of Hormuz is probably a short-term situation.
Al-Aufi said the situation should stabilize in the medium term.
