Middle East LNG imports set to soar
Gas shortages will prompt expansion in regional demand for liquefied natural gas
Between 2014 and 2016, LNG imports in the Middle East more than doubled, from 4.1m tonnes a year to 9.9m t/y. Growth is expected to continue accelerating, with another near-doubling by 2020, according to some estimates. The region certainly has sufficient regasification capacity to make that possible. The projects already in operation—all of which are floating storage and regasification units (FSRU)—have a combined capacity of some 24m t/y. Projects in advanced stages of planning could add another 15-18m t/y by the early 2020s. The region's list of LNG importers already includes Kuwait, the United Arab Emirates, Israel and Jordan. Bahrain is expected to join them by end-2018 or early next ye
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
