97%
share of gas in the power mix (2020).
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This analysis includes a comprehensive Oman energy market report and updated datasets. It is derived from the most recent key economic indicators, supply and demand factors, oil and gas pricing trends and major energy issues and developments surrounding the energy industry. The report provides a complete picture of the country situation, dynamics, current issues and future prospects. With 2020 market data and continuous follow-up of markets news, this report brings clear and concise insights with which to tackle national energy challenges and opportunities. Browse the tabs below for a detailed table of contents, the list of graphs and tables, and details on the data files.
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Highlights
97%
share of gas in the power mix (2020).
-7%
GHG emission reduction target.
1.2 GW
planned capacity green hydrogen projects.
Abstract
Institutions & Energy Policy
The Ministry of Energy and Minerals (MEM - formerly Ministry of Oil and Gas)manages the hydrocarbons sector.
The Ministry of Housing, Electricity & Water (MHEW) is responsible for the planning and management of the electricity sector.
Energy Supply
Resources:
Proven oil and gas reserves amounted to 729 Mt and 673 bcm, respectively (end of 2020).
Energy Prices
Electricity:
In the context of low crude oil prices, falling export revenues and a soaring budget deficit, the government introduced a subsidy cut for large industrial, commercial and government users in 2017; it also implemented new tariffs that reflect actual supply costs and vary according to peak hours and season. This new model could enable up to US$260m/year in savings for the government.
Energy Consumption
Total consumption of energy per capita amounts to 4.5 toe (2020), i.e. three times higher than the global average. Per capita electricity consumption reached 6.3 MWh in 2020.
Graph: CONSUMPTION TRENDS BY ENERGY SOURCE (Mtoe)
Issues & Prospects
Electricity:
In its last 7-year development plan (2019-2025), OPWP forecast a peak demand growth of around 5% per year, from 6 200 MW in 2018 to 8 600 MW in 2025 and an electricity demand also growing at the same rate from 33 TWh to 46 TWh. Several gas-fired and renewable projects are being developed to meet the demand, including 3 GW of renewables to be installed between 2018 and 2025.
Below is a list of the Oman energy market report graphs:
In the Oman energy market report you will find the following tables:
The Oman energy market data since 1990 and up to 2020 is included in the Excel file accompanying the Oman country report.
It showcases the historical evolution, allowing users to easily work with the data.
Key Data included in the excelsheet:
The Oman country report is complemented with a national power generation dashboard (excel file) from our Power Plant Tracker Service.
Data included in the excelsheet:
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