Commodity Market Report
Global gas markets long-term outlook H2 2019: Middle East and East-Med
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
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
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Middle East
- Gas is fuelling the domestic markets
- New production will help meeting demand in the medium term
- A more efficient usage of gas ahead
- Energy transition initiatives are threatening long-term gas growth
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East-Med
- Gas production back on track to meet domestic demand
- Investment will spur additional medium-term demand growth
- Diversification in power threatening long-term gas demand
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Middle East
- Qatar's 150 bcma (110 mmtpa) LNG ambitions
- A more pragmatic approach in Oman
- Large sour gas projects in Saudi Arabia
- UAE’s investments in unconventional and sour gas resources
- Iran's potential to develop exports
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East-Med
- Middle East
- East-Med
- Middle East
- East-Med
- Middle East
- East-Med
Tables and charts
This report includes the following images and tables:
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Middle East gas demandMiddle East gas demand by sectorEast-Med gas demand
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East-Med gas demand by sectorMiddle East gas productionMiddle East gas production by statusEast-Med gas productionEast-Med gas production by statusOverview of gas pricing in Middle East and East-Med
What's included
This report contains:
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