Saudi Arabia and Iraq could join the LNG export party
In the longer term, the two Gulf heavyweights may become gas exporters. But Egypt’s return to the table could be in doubt
“Saudi Arabia certainly has ambitions to enter the global LNG market,” Patricia Tiller, a Dubai-based partner at law firm Hunton Andrews Kurth told a Mena panel as part of the Petroleum Economist LNG to Power Forum on Monday. But she cautioned that progress would not be immediate. “Plans are to export as much as 3bn ft³/d by 2030,” she continues. And there are “whispers” from the Kingdom’s energy minister that the target could be brought forward to an earlier date. “We have seen a lot of investment, even just in the past year, to boost the country’s gas production,” Tiller notes. “But, beyond that, the plans for gas exports are very much in their preliminary stages. “The reason for that is t

Also in this section
13 February 2025
New supply from Argentina, Brazil and Guyana is rich in middle distillates, but optimism in terms of volume growth remains tempered by regulatory and technical risks as well as price volatility
12 February 2025
The oilfield expansion provides a fresh influx of revenue but will strain its cooperation with OPEC+ and fails to mask deeper issues with the economy and investors
11 February 2025
Improving compliance among the group and wider group is offset by production increases in outliers Libya, Venezuela and Iran
10 February 2025
The country wants to kickstart its upstream but first needs to persuade investors to foot the bill