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Gaza war will hike Israeli and Mideast gas risk

Location:

MIDDLE EAST

The Israel-Hamas conflict that started on October 7 has had a direct impact on Israel’s gas supply. Following the Hamas attack, the Israeli government stopped production at the…

Doha will hedge against LNG dependence

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QATAR

Earlier in January, it awarded contracts to increase and sustain output at its main oilfield. Doha wants to dilute its overdependence on a single commodity and to extract value…

Saudi Aramco will seek to manage rapid industry change

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SAUDI ARABIA

Yet this follows a government directive that the company cancel increases in its maximum sustainable capacity (MSC) of crude oil production from 12 million barrels per day (b/d…

Criticism will mount ahead of the Emirati-hosted COP28

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UAE

The move is the latest of the UAE’s attempts to portray itself as a supporter of action against climate change ahead of its hosting the COP28 global climate summit. Climate change…

Egypt will struggle to save its gas surplus

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EGYPT

This is increasing annually because of population growth and rising global temperatures. Exports of liquefied natural gas (LNG) are on hold until autumn, and upstream production…

Gulf economies are on a stable track despite risks

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GULF STATES

The IMF has revised downwards its forecast for Saudi GDP growth in 2024 to 2.7% but raised its 2025 forecast to 5.5%. This reflects a positive medium-term outlook for the Gulf…

Turkey plans for competitive industries, lower imports

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TURKEY

Development plans define what constitutes mainstream social and economic policy in Ankara. This plan lays out the intentions of President Recep Tayyip Erdogan’s Justice and…

Egypt will prioritise its renewable energy sector

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EGYPT

It has experienced a surge in investment in renewable energy, with projects worth USD4.4bn under development and prospective investments of a further USD6bn. Renewable energy is…

Oman's LNG exports will increase as oil plateaus

Location:

OMAN

Previously, in January, the energy ministry announced it was offering three new oil and gas concessions. Muscat wants to engage private companies in efforts to unearth fresh…

Algeria's energy sector will grow

Location:

ALGERIA

The energy sector underperforms its potential owing to chronic leadership instability, endemic corruption and stifling bureaucracy. Despite this, Algeria has experienced a…