Commodity Market Report

Global gas markets long-term outlook H2 2018: Middle East and East-Med

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05 February 2019

Global gas markets long-term outlook H2 2018: Middle East and East-Med

Report summary

Over the last decade, natural gas has become the fuel of choice to meet a soaring domestic demand in the Middle East. However, strong disparities have emerged from unequal gas resource distribution, while geopolitics have limited cooperation on gas infrastructure and trade. Rapid growth of domestic demand has also created distortions – with subsidies supporting inefficient and over-use of gas and electricity. But new gas production is becoming more technically challenging. Pricing reforms are slowly becoming a reality and diversification is progressing. How will this impact the outlook for gas in the region? The gas landscape in the East-Mediterranean region will also change profoundly over the next years. Regional trade will enhance cooperation between countries and ultimately lead to gas surplus. LNG imports, which have been critical to filling the gap, are set to disappear. In turn, LNG exports are becoming a reality again, but challenges remain to achieve maximum utilisation.

Table of contents

  • Gas is fuelling the domestic markets
  • Diversification is underway – but not everywhere
  • A more efficient usage of gas ahead
  • New production boosting demand in the medium-term
  • Diversification in power threatening long-term gas growth
  • Qatar's 110 mmtpa LNG ambitions
  • A more pragmatic approach in Oman
  • Large sour gas projects in Saudi Arabia
  • Iran's ambitions to develop exports
  • Middle East
  • East-Med
  • Middle East
  • East-Med
  • Middle East
  • East-Med

Tables and charts

This report includes 4 images and tables including:

  • Overview of gas pricing in Middle East and East-Med

What's included

This report contains:

  • Document

    Global gas markets long-term outlook H2 2018: Middle East and East-Med

    ZIP 1.04 MB

  • Document

    Regional gas - Middle East and East-Med.xls

    XLS 1.03 MB