Natural gas has been dubbed a ‘transition fuel’ for years, as its lower emission intensity can offer a set of benefits to a world transitioning to a net-zero world. The GCC alone accounts for roughly 60 percent of Middle East production and is forecast to increase even faster, by 31 per cent by 2030. Gas in the GCC and the East Mediterranean regions are poised to transform in the coming decade, driven by higher supply volumes, more infrastructure, and demand diversification. To boost domestic gas demand growth and diversify the economy in the most sustainable way, several countries will increase their gas production by more than 30-50 per cent over the next decade, including Qatar, Saudi Arabia, UAE, and Oman.
- Gulf’s natural gas ambitions are at a tipping point, with 30-50% production gains beckoning