Related Articles
Middle East producers could benefit from growing demand for LNG in Asia
Outlook 2022
Forward article link
Share PDF with colleagues

Outlook 2022: Middle East and Asia joined at the hip

Greening strategies in the east are creating strong prospects for states to increase gas exports

The Middle East is uniquely positioned in the energy transition. The global fight to tackle climate change is both a concern and an opportunity for oil and gas producers in the region, especially those sitting on massive hydrocarbon reserves in countries with poorly diversified economies. And while growing international pressure to quit fossil fuels is increasing the risk of Gulf assets becoming stranded, the slower pace of decarbonisation in Asia is opening up new export possibilities. In the Middle East, the energy transition is closely tied to oil and gas exports. Decarbonisation requires massive financing, and countries in the region rely heavily on the sale of fossil fuels for revenue.

Comments

Comments

{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
US renewables sector faces near-term challenges
26 January 2022
Supply-chain issues and rising costs present short-term difficulties for sector poised for rapid growth
INOC sets the stage for oil uptick
26 January 2022
Control for Iraq’s new NOC of one of the country’s biggest oil assets may just be a first step in Baghdad’s strategy
TotalEnergies quits Myanmar
25 January 2022
The French major is transferring its stake in the Yadana gas field to its partners
Sign Up For Our Newsletter
Project Data
Maps
PE Store
Social Links
Social Feeds
Featured Video