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Electricity drives the growth engine of natural gas in the Middle East

 Last Update: 2021-09-29
 Source: Internet
 Author: User

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Recently, according to S&P Global Platts Analytics (S&P Global Platts Analytics) forecast, by 2040, power generation will still account for about 40% of the natural gas demand in the Middle East

Natural gas demand in the Middle East is expected to grow by 3.

Siamak Adibi, head of the Middle East natural gas team of Fischer Global Energy Consulting (FGE), said that Iran, Saudi Arabia and Iraq are the bright spots of Middle East natural gas demand in the next 10 years

According to Platts analysis data, natural gas demand in Saudi Arabia will rise by 6.

The use of hydrogen from natural gas feedstock is still in its infancy, and demand for automobile and ship transportation is expected to grow at the fastest rate, albeit with a small base

The growing demand for natural gas in the Middle East has also prompted some national oil companies to focus on gas field development

Saudi Arabia is seeking foreign investment to help develop its giant Jafurah unconventional gas field

Some Gulf countries also hope to participate more in the global energy transition market and produce green ammonia and green hydrogen

　　In addition, because there is no market-based natural gas pricing in the Middle East, all prices are regulated by the government.

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