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Large oil and gas reserves in the Middle East have resulted in especially low domestic energy prices and provide little incentive to transition to low carbon alternatives, according to Wood Mackenzie’s Middle East Energy Transition Outlook report.
Risk of a cold winter, uncertainty around pipeline imports and low gas inventories have set the scene across Europe for another volatile year ahead, with the potential for gas prices to soar further and energy shortages to bite.
Wood Mackenzie, releases its Global gas and LNG – 6 things to watch for in 2022 report.
Qatar Petroleum announced that it has taken final investment decision (FID) on the North Field East project.
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