Freeport LNG on Thursday cleared another hurdle in its plans to restart operations at the Texas Gulf Coast export terminal. But the resumption of exports may still be a ways off.

Oman is advancing energy sector reforms to prepare for the transition and boost state finances. The establishment of an integrated, state gas firm is Muscat’s latest move in reorganizing its energy sector. Like Energy Development Oman, the new firm’s structure is intended to offset energy expenditures from the state budget. However, it joins a long roster of state companies with often overlapping mandates, potentially generating confusion for investors. While high energy prices improved Oman’s outlook, reforms also target diversification into renewables and green hydrogen. Yet, until these sectors develop, Oman remains exposed to price shocks, leaving its progress vulnerable to reversal.