Gas

Iran has discovered a new gas field with reserves of 495 billion cubic meters and is valued at US$133 billion.

Oman Gas Company (OGC) will commission studies to investigate the possibility of extracting liquefied petroleum gas (LPG) and commercially valuable condensates from its gas network in the south of the country.

Saudi Aramco saw the first gas flow from the Karan offshore gas field, the company’s first offshore non-associated gas field project.

Qatargas has signed a heads of agreement with Petronas to supply the Malaysian company with 1.5 million mt/year of LNG under a long-term contract.