Mideast gas growth signals condensate boost
UAE and Saudi Arabia seen lifting condensate output amid deep OPEC+ oil quota cuts and questions over capacity expansion
Saudi Arabia and the UAE—respectively the first- and fourth-biggest producers in OPEC—are developing gas fields that will lift their output of condensate, a light byproduct of the projects that is not subject to OPEC+ restrictions. The two countries are implementing deep production cuts as part of two complex OPEC+ oil agreements, with the first extended to the end of September and then phased out gradually until September 2025. Another cumulative cut will be extended until the end of 2025. Saudi Arabia, the UAE and six other countries are also undertaking additional voluntary cuts, with the first set extended until December and another prolonged until September before being gradually phased
Also in this section
30 December 2025
Heightened unpredictability in the global energy market underlines the vital nature of UGS, which provides reliability, affordability and resilience
29 December 2025
The surge in power demand created by the AI boom means energy policy and national security are now one and the same
24 December 2025
As activity in the US Gulf has stagnated at a lower level, the government is taking steps to encourage fresh exploration and bolster field development work
23 December 2025
The new government has brought stability and security to the country, with the door now open to international investment
