DETAILED STUDY DUE ON POSSIBLE LNG PROJECT FOR OMAN

Substantial discoveries of deep gas in Central Oman during the last 12 months have put one of the Arabian Peninsula's smaller producers on the path to becoming a liquefied natural gas exporter. A preliminary study by Shell International Gas Ltd. shows a 5 million metric ton/year LNG export project is potentially viable based on new gas/condensate strikes in the Qarn Alam area of Petroleum Development Oman's concession area. Now, Shell has agreed with the Omani government to conduct a

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