The Mideast's gas paradox
It is home to the world's biggest exporter—and also some of its fastest-growing consumers. Yet intra-regional trade remains thin
The Middle East's transformation from swaggering liquefied natural gas-export hub to insurgent global demand hub continues apace. With domestic demand for gas pushing ever higher, the region's tight band of long-term importing countries—the UAE, Kuwait and Israel—has been expanded in the past couple of years with new entrants Jordan and Egypt. The latter two were among the fastest-growing LNG importing countries last year, amid a rapid deployment of floating storage and regasification units (FSRUs) starting in 2015. FSRUs have enabled the Middle East's new LNG importers to capitalise on fluctuating price trends. The region's apparently insatiable appetite for spot LNG cargoes has played a la
Also in this section
19 December 2024
Deepwater Development Conference welcomes Shell’s deepwater development manager to advisory board for March 2025 event
19 December 2024
The government must take the opportunity to harness the sector’s immense potential to support the long-term development of the UK’s low-carbon sector
18 December 2024
The energy transition will not succeed without a reliable baseload, but the world risks a shortfall unless more money goes into gas
18 December 2024
The December/January issue of Petroleum Economist is out now!
