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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22 November 2024
The Energy Transition Advancement Index highlights how the Kingdom can ease its oil dependency and catch up with peers Norway and UAE
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E&P company is charting its own course through the transition, with a highly focused natural gas portfolio, early action on its own emissions and the development of a major carbon storage project
21 November 2024
Maintaining a competitive edge means the transformation must maximise oil resources as well as make strategic moves with critical minerals
20 November 2024
The oil behemoth recognises the need to broaden its energy mix to reduce both environmental and economic risks
