rss icon Subscribe
desktop mobile

ME Gas Output to Exceed Russia

Graph: Rystad Energy

Shailaja A. Lakshmi

The Middle East is cruising into the second half of 2019 with spectacular gas production, and is expected to surpass powerhouse Russia by the end of the year.

According to Rystad Energy, the Middle Eastern region will produce over 730 billion cubic meters of gas by 2020, increasing to about 920 billion cubic meters by 2030.

Nevertheless, international markets may not feel the full effect as demand in the region is also expected to see rapid growth. Iran and Saudi Arabia alone could absorb more than 50% of the region's production by 2030.

Qatar will remain the highest gas exporter in the region and will see a jump in LNG exports as the North Field project ramps up.

Exports from Israel are also expected to grow rapidly which could primarily benefit the European market.

Aug 18, 2019

 

Energy

Alphabet Winds Down Makani

Image: Makani

Alphabet, Google's parent company, announced that it is calling it quits on its efforts to build

Gazprom Neft, Mubadala Sign Tech Pact

Image: Gazprom Neft

Gazprom Neft, is the third largest oil producer in Russia, and Mubadala Petroleum (Abu Dhabi

Chrysaor Backs Mocean Subsea

Image: Mocean Energy

Mocean Energy, global wave energy player, has teamed up with energy major Chrysaor

Gas

Global LNG Demand to Double by 2040: Shell

Image: Shell

Global demand for liquefied natural gas (LNG), rose by 12.5% to hit 359 million tons last year

Golar LNG Pact with BR Distribuidora

Image: Golar Power

Golar Power, which offers integrated liquefied natural gas (LNG) based downstream solutions

Nakilat Posts Record Net Profit of $270M

Image: Nakilat

Doha-listed LNG and LPG carrier owner Qatar Gas Transport Company Ltd (Nakilat) reported a

Maritime Apps