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Prospects for MENA green energy transition to 2030

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PROSPECTS 2030

High oil and gas prices have incentivised Middle Eastern and North African (MENA) hydrocarbon importers to accelerate their renewables build-outs, while exporters have deployed…

United Arab Emirates will increase oil and gas output

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UNITED ARAB EMIRATES

ADNOC believes there will be a solid market for hydrocarbons for decades to come; it aims to preserve its role as a leading global hydrocarbons supplier while cutting carbon…

New Saudi and Emirati gas finds boost export hopes

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UAE/SAUDI ARABIA

Further exploration and appraisal work will be needed to gauge how much gas can be recovered from the new discoveries and at what cost. The global demand slump following COVID-19…

Gulf states will struggle to meet domestic gas demand

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KUWAIT/SAUDI ARABIA/UAE

Saudi Arabia, Kuwait and the United Arab Emirates (UAE) are pursuing ambitious natural gas plans that depend on relatively high-cost non-associated gas developments.

Qatar’s green strategy will focus on greening of LNG

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QATAR

Doha’s decarbonisation strategy, which started slowly, focuses on electricity production and industrial exports. Qatar has toughened sustainability targets and moved swiftly…

Morocco will be a major player in green hydrogen

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MOROCCO

The investment reaffirms OCP’s central role in the kingdom’s accelerating plans to become a major producer of green hydrogen feedstock. The government has foreign investors signed…

Kuwait’s economic reform plans will face challenges

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KUWAIT

Kuwait’s sixth government in two years took office in October pledging to accelerate the slow reform of an economy that is overwhelmingly dominated by the state’s spending of…

The Gulf will take on the energy transition challenge

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GULF STATES

The zero-carbon fuel, promoted as a way to assist a global energy transition away from oil and gas, is the focus of major planned projects in Oman and Saudi Arabia. Meanwhile…

Politics will constrain global energy subsidy cuts

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INTERNATIONAL

Several Australian and international banks have declined to provide the Carmichael project with financing, and Adani is seeking a loan of 1 billion Australian dollars (743.5…

Oman's gas sector will be prioritised over oil

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OMAN

Foreign investment in the last decade has helped to raise gas output and stabilise oil production, but the prospects for major new oil discoveries are slim. As its foreign markets…