LogIn LogOut

ME Gas Output to Exceed Russia

August 18, 2019

Graph: Rystad Energy
Graph: Rystad Energy

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.

Categories: Energy Gas Trade


Current News

Noble Corp: New Rig Deals in UK, Extensions in Qatar and Suriname, Cancellation in Vietnam

Noble Corp: New Rig Deals in UK, Extensions in Qatar and Suriname, Cancellation in Vietnam

China's MingYang Launches 11MW Offshore Wind Turbine

China's MingYang Launches 11MW Offshore Wind Turbine

IEA Bumps Up 2020 Oil Demand Forecast

IEA Bumps Up 2020 Oil Demand Forecast

GTT to Design Tanks for COSCO LNG Tanker Trio

GTT to Design Tanks for COSCO LNG Tanker Trio

Australian Offshore Safety Regulator to Resume Physical Inspections

Australian Offshore Safety Regulator to Resume Physical Inspections

Ocean Tankers' Supervisor to Start Restructuring Talks with Owners

Ocean Tankers' Supervisor to Start Restructuring Talks with Owners

Eni Hires Polarcus for Asia Pacific Survey

Eni Hires Polarcus for Asia Pacific Survey

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com