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Letter from Iran: Nuclear miscalculation
The regime’s policy of using nuclear ambiguity as a deterrent may have failed but it has realised it has other cards to play, while its neighbours are reappraising their approach to security
Mideast plans big spending on gas to meet demand
The region’s gas producers are investing heavily in the fuel in order to satisfy burgeoning demand resulting from economic growth and a shift to cleaner fuels
Developing Africa draws gas processing investment
The continent is home to mega-scale projects on both its east and west coasts as its growing economies see rising demand for gas
Turkey’s gas bridge under threat
The country plays a vital role in connecting Asia to Europe, but the expiration of Russian contracts and the ramifications of the war in Iran are placing it under pressure
Gas growth cools in 2025
The GECF has warned it may revise its projections for demand this year downwards in light of conflict in the Middle East, although it maintains its forecasts for 2027 and onwards
Do not politicise a geopolitical crisis – Ydreos
The Strait of Hormuz disruption has exposed weakness in the global energy system and reignited debate over security of supply, but it should not be used to justify an accelerated shift away from fossil fuels, says the secretary general of the IGU
The spectre of a European gas price cap returns
Brussels is again weighing a cap on gas prices amid the Hormuz crisis, but the measure could backfire by deterring the LNG cargoes Europe urgently needs
Letter from London: The oil market should panic tomorrow
Emergency oil stocks provide a last line of defence to oil market shocks, so the IEA’s unprecedented 400m bl release represents something of a double-edged sword
The diesel crisis
By shutting the Strait of Hormuz, Iran has cut exports of distillate-rich Middle Eastern crude, jet fuel and diesel, and is holding the energy market hostage
European gas: From bad to much worse
The continent’s inventories were already depleted before conflict erupted in the Middle East, causing prices to spike ahead of the crucial summer refilling season
The Shatt Al-Basra gas power plant in Basra, Iraq
Gas Bahrain Iran Iraq Kuwait Oman
James Gavin
21 October 2025
Follow @PetroleumEcon
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MENA states sharpen their gas focus

The GCC countries and other states in the region are looking to make greater domestic use of gas, both that produced at home and imported volumes

Oman, like Qatar and the UAE, is a significant gas exporter in its own right but is also looking for domestic industry to absorb increasing volumes. In the first seven months of 2025, according to government figures, almost two-thirds of the sultanate’s consumption was focused on industrial projects, totalling 16.37bcm. In contrast, gas in power generation stood at 8.76bcm. Production reached 32.88bcm in the same period, with a 10.8% year-on-year increase in associated gas, to 7.31bcm. Export expansion is on the Muscat authorities’ agenda as Oman LNG prepares to build a new processing train at its Qalhat facility with a capacity of 3.8mt/yr, taking Oman’s total production capacity by 2029, t

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