Mideast gas growth signals condensate boost
UAE and Saudi Arabia seen lifting condensate output amid deep OPEC+ oil quota cuts and questions over capacity expansion
Saudi Arabia and the UAE—respectively the first- and fourth-biggest producers in OPEC—are developing gas fields that will lift their output of condensate, a light byproduct of the projects that is not subject to OPEC+ restrictions. The two countries are implementing deep production cuts as part of two complex OPEC+ oil agreements, with the first extended to the end of September and then phased out gradually until September 2025. Another cumulative cut will be extended until the end of 2025. Saudi Arabia, the UAE and six other countries are also undertaking additional voluntary cuts, with the first set extended until December and another prolonged until September before being gradually phased
Also in this section
12 December 2025
The latest edition of our annual Outlook publication, titled 'The shape of energy to come: Creating unique pathways and managing shifting alliances', is available now
12 December 2025
The federal government is working with Alberta to improve the country’s access to Asian markets and reduce dependence on the US, but there are challenges to their plans
11 December 2025
The removal of the ban on oil and gas exploration and an overhaul of the system sends all the right messages for energy security, affordability and sustainability
10 December 2025
The economic and environmental cost of the seven-year exploration ban will be felt long after its removal
