Dubai Maritime News

IGC to sign gas purchase, allocation agreements

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The Integrated Gas Company (IGC) will announce the signing of a series of Gas Purchase and Allocation Agreements with leading industrial companies during an official ceremony to be held on November 2, 2025, to power gas sector.

The new agreements will allocate over 27 million cubic meters of gas per day for an average of ten years per agreement — an amount roughly equal to the current allocation for the industrial sector, effectively doubling the total gas dedicated to national industries.

The gas allocations will support projects across the petrochemical, fertiliser, pharmaceutical, iron and steel, food and agriculture, power generation, cement, and mineral sectors, with total investments exceeding OMR 2 billion ($5 billion) — reinforcing Oman’s position as a competitive and sustainable industrial hub.

IGC stated that these agreements form part of its broader strategy to ensure the optimal utilization of national gas resources and to support high-value, economically viable projects that contribute to sustainable growth and the objectives of Oman Vision 2040.

Source: TradeArabia News Service

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Oct 30, 2025

IGC to sign gas purchase, allocation agreements

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