The Mideast's gas paradox
It is home to the world's biggest exporter—and also some of its fastest-growing consumers. Yet intra-regional trade remains thin
The Middle East's transformation from swaggering liquefied natural gas-export hub to insurgent global demand hub continues apace. With domestic demand for gas pushing ever higher, the region's tight band of long-term importing countries—the UAE, Kuwait and Israel—has been expanded in the past couple of years with new entrants Jordan and Egypt. The latter two were among the fastest-growing LNG importing countries last year, amid a rapid deployment of floating storage and regasification units (FSRUs) starting in 2015. FSRUs have enabled the Middle East's new LNG importers to capitalise on fluctuating price trends. The region's apparently insatiable appetite for spot LNG cargoes has played a la
Also in this section
22 November 2024
The Energy Transition Advancement Index highlights how the Kingdom can ease its oil dependency and catch up with peers Norway and UAE
21 November 2024
E&P company is charting its own course through the transition, with a highly focused natural gas portfolio, early action on its own emissions and the development of a major carbon storage project
21 November 2024
Maintaining a competitive edge means the transformation must maximise oil resources as well as make strategic moves with critical minerals
20 November 2024
The oil behemoth recognises the need to broaden its energy mix to reduce both environmental and economic risks
