The Siba gas field in Iraq
Accelerating MENA’s gas transformation
Gas has become a pillar of MENA economies and a catalyst for development strategies, fostering cooperation and creating new paths for economic diversification. Continued progress will require substantial investment and adapted regulations
There was a time when a major gas discovery in the deserts of the Middle East was considered a setback. Today, it would be seen as a bonanza. From waste to be flared away, gas is now the foundation of the region’s industrial growth, economic diversification, and energy security. Gas is enabling cleaner energy systems in the Middle East and promising to be a catalyst for regional transformation. The MENA region is set to become the world’s second-largest gas producer behind North America, with output having grown more than 15% since 2020 and projected to rise another 30% by 2030. Wood Mackenzie projects Middle East gas production to add 14bcf/d of new supply by then, amounting to the consumpt
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