Natural Gas Markets in the Middle East and North Africa
Author: Justin Dargin, Former Associate, The Dubai Initiative
Belfer Center Programs or Projects: Dubai Initiative
Dubai Initiative Research Fellow Justin Dargin contributes two chapters in the book Natural Gas Markets in the Middle East and North Africa, an in-depth study of the MENA states' individual gas markets.
Chapter 9: The Gas Revolution in Qatar
Chapter 10: The United Arab Emirates Gas Sector: Challenges and Solutions for the 21st Century.
- First complete overview of Middle East and North Africa (MENA) gas markets
- Written by industry experts and leading economists in the field
- Examines natural gas production and consumption trends in the Middle East and North Africa, and how these trends in turn impact energy security issues in Europe and beyond
- Looks at the gas development policies of MENA governments and asks whether the policy of promoting energy intensive industries is viable in the long term
- Extensive use of figures and tables enables readers to rapidly digest data and understand trends
The Middle East and North Africa (MENA) as a region accounts for around 40% of the world's proven gas reserves, yet only 10% of global supplies of gas are covered by MENA gas production. The potential for future expansion of the gas market in the both on the supply and demand side is significant since gas in many MENA states has become a cheap source of fuel for domestic industrialisation, a source of revenue for transit states, and a highly valued export commodity to multiple destinations in Asia and Europe. 50% of the world's liquefaction facilities under construction or planned for expansion will take place in MENA, which is likely to consolidate the region's role in the LNG market, allowing MENA producers to play the role of swing producers taking advantage of their location to supply both Atlantic and Pacific markets.
This book, the first of its kind, will provide an in-depth study of the MENA states' individual gas markets, addressing the following questions: What are the policies of MENA governments regarding the development of their gas reserves? What are the main drivers of these policies? Will developments in the gas sector affect the ability of MENA governments to achieve the ultimate goal of economic diversification through developing energy intensive industries? Is the policy of promoting energy intensive industries viable in the long term? What role do foreign companies play in the development of domestic gas markets, export pipelines, and LNG export projects? Can current levels of domestic gas prices be maintained in an environment of rapid increases in gas demand and rising development costs?
Readership: Scholars studying energy, industry, liberalisation, and financial markets. Energy analysts, government, international organization specialists, policymakers, and regulators in public and private sectors.
For more information about this publication please contact the The Dubai Initiative at 617-496-3694.
For Academic Citation:
Natural Gas Markets in the Middle East and North Africa, UK: Oxford University Press.