The Integrated Gas Company (IGC) was established in December 2022 with a clear strategic vision to manage all allocations, assets, rights, and obligations related to the purchase, sale, import, export, and transportation of natural gas and related products on behalf of the government of the Sultanate of Oman.
The company aims to raise the efficiency of managing the gas sector, ensure the efficiency of applying the terms of contracts signed in this sector, whether with producers or consumers, develop a gas allocation strategy, implement government policies and plans on gas selling prices and quantities allocated to sectors, sell gas to gas-based projects, increase the volume of economic activity and the added domestic value of the gas sector and related activities.
Creating Sustainable Value Through Strategic Gas Management to Achieve National Objectives.
Effectively manage the gas sector and empower Oman’s economic diversification & growth through optimizing allocation and development of the gas industry for realizing maximum value to Oman’s economy.
Promoting an environment where all individuals are treated with dignity and consideration to foster positive relationships and teamwork.
We place the utmost importance on honesty and ethical behavior. Upholding honesty, transparency, and ethical behavior is crucial for building trust among employees and stakeholders.
Striving for excellence in everything we do sets a high standard for quality, performance, reliability and trust.
We are committed to operating in a socially and economically responsible manner by demonstrating a commitment to practices and solutions that contribute to long-term socio-economic viability and energy supply continuity and growth.
Encouraging creativity and the pursuit of new ideas can drive growth and competitiveness by enabling us to adapt to change.
The IGC Mandate ensures organizational alignment and accountability while facilitating effective interfaces, fostering a cohesive environment that is conducive to achieving and sustaining results amongst all involved stakeholders.
01
Perform Supply/Demand Planning and Coherent Financial Planning
02
Negotiate Long Term (LT) Sales Contracts and Advise MEM on LT Supply Contracts
03
Manage the Gas Supply and Sales Contracts Portfolio
04
Advise the Government on Gas Sector Value Creation Opportunities
05
Operate as the Shipper for the Off-take and Delivery of Gas and for System Development
06
Manage Settlement-to-Collection Process and Transfer of Net Proceeds to MOF Treasury
07
Optimize Value Through Optimization and Short-term (ST)/Spot Sales
08
Gas Allocation and Industrialization Priority
09
Additional Assurance on the Production and Reserve Data from the Private Gas Concession Holders
Conceptual Idea to create an entity to raise the efficiency and effectiveness of managing the Gas sector in Oman
Finalization of detailed study by GAC Creation Committee, Strategy&, CMS
Gas Aggregator Company (GAC) was proposed to be stood up by August 2021
Integrated Gas Company (IGC) was born in December 2022
Articles of Association, License Agreements, Ministerial Decisions, Oman Vision 2040
Commencement of Operations Jan 2023