Middle East producers could benefit from growing demand for LNG in Asia
Outlook 2022: Middle East and Asia joined at the hip
Greening strategies in the east are creating strong prospects for states to increase gas exports
The Middle East is uniquely positioned in the energy transition. The global fight to tackle climate change is both a concern and an opportunity for oil and gas producers in the region, especially those sitting on massive hydrocarbon reserves in countries with poorly diversified economies. And while growing international pressure to quit fossil fuels is increasing the risk of Gulf assets becoming stranded, the slower pace of decarbonisation in Asia is opening up new export possibilities. In the Middle East, the energy transition is closely tied to oil and gas exports. Decarbonisation requires massive financing, and countries in the region rely heavily on the sale of fossil fuels for revenue.
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21 December 2021
The worst possible future for the country’s oil producers goes underexplored in scenario planning
21 December 2021
Production from the Heron field could peak at 9,000bl/d and feed both exports and the domestic market
16 December 2021
The JV assumes the role of Rumaila’s main contractor as a new production target is set
16 December 2021
Supply is gradually returning, but the market will remain tight into next year
