Letter from the Middle East: Gas businesses see swift evolution
Self-sufficiency targets and opportunities to shift to renewables are driving big upsurge in gas production
The Mideast Gulf’s major NOCs and partners have invested heavily over the last decade to boost domestic gas output and avoid strained supplies. They are now seeing the fruits of those efforts. But the game has changed yet again: new gas has to dovetail with renewables and drive exports of LNG and—possibly—hydrogen. The largest projects are all in Saudi Arabia and the UAE. Saudi Arabia’s electricity plans call for oil generation to be phased out and replaced with an equal mix of gas and renewables, an important step towards its 2060 net-zero carbon commitment. For conventional gas, the 1bn ft³/d (28.3mn³/d) Hawiyah gas plant should be completed in 2022 and the 2.5bn ft³/d Tanajib facility in
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