Gas production to triple in the ME, says study

DOHA: The production rate of gas in the Middle East is projected nearly to triple over the next two decades.  Some of that production is projected to serve rapidly growing domestic markets while the rest is expected to go to other regions vial LNG or pipelines.

The Asia/Australia region is projected to be the next fastest-growth region, but growth in volume is considerably less than that of the Middle East, according to Deloitte’s “Energy and Resources Predictions 2012”.

Gas will become the fuel of choice for several reasons: tightening environmental regulations, expectations of ample supply at competitive prices, and the need to back up intermittent renewable sources such as wind and solar to ensure reliability.

Article by Links Group on Dec 17th 2011
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