Gas demand pushes OQGN profit up in 2025

Net profit at Oman’s state-controlled OQ Gas Networks (OQGN) rose 7 percent in 2025, thanks to higher gas demand.

The company reported a bottom line of OMR51.2 million ($133 million), compared to OMR47.8 million in 2024, OQGN said in a disclosure to the Omani bourse. 

Gas demand due to industrial projects in the sultanate’s free zones helped profit rise, OQGN said.

OQGN, which owns and operates Oman’s 4,000km gas pipeline grid, expects another good year in 2026 as the company expands its network, the report said.

Last year OQGN signed a $100 million deal with the ministry of energy and minerals to acquire a 65km gas pipeline at block 61 that will fuel domestic manufacturing in free zones. 

Oman’s gas demand is set to rise further due to industrial projects, OQGN chief executive Mansoor Al Abdali said, adding that the Muscat-listed company plans to expand its gas network by 20 percent by the end of 2027.  

Last week OQGN signed an agreement with state-run Omantel to monitor its gas pipelines using satellite surveillance to boost supply. 

OQGN shares are up 12 percent in the year to date.

Further reading:

• Oman’s OQGN signs $100m gas pipeline deal
• Oman’s free zones attract $4bn in investments
• New net zero centre to support Oman’s carbon neutrality