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The Middle East is Likely to Witness a Shortage of Natural Gas Amidst Rising Demand
GlobalData, Oct 2011, Pages: 5
The Middle East is Likely to Witness a Shortage of Natural Gas Amidst Rising Demand
Summary
The Middle East is the one of the richest regions in the world in terms of proven natural gas reserves, but they are not evenly distributed across all countries. While Iran and Qatar are the leading gas-rich countries, countries such as Kuwait and Bahrain have insignificant gas reserves. A lack of regional cooperation in intra-regional gas supply, inadequate infrastructure to develop and export natural gas to neighboring countries and subsidized gas prices in domestic markets have hindered the gas supply in most countries in the Middle East. As demand for natural gas in the region increases rapidly with several countries shifting to natural gas for power generation, the region will witness a natural gas supply crunch.
Scope
- The report highlights the uneven distribution of natural gas reserves among the countries in the Middle East.
- Provides analysis that the growth of gas demand in the region is likely to outpace the growth in gas production in the region.
- Provides reasons which make exports of natural gas to Europe and Asia Pacific more profitable for the region's gas producing companies.
Reasons to buy
- To gain understanding of supply-demand scenario of natural gas in the Middle East region
- To keep abreast of key challenges faced by certain countries in the Middle East to secure natural gas for their increasing gas demands
- To be aware of key natural gas supply-constraints prevailing in certain countries of the Middle East
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