Qatar announced that it has huge quantities of gas that make it capable of providing “gas for everyone in the world.”
According to AME-Info.com, Nasser Jaidah of Qatar Petroleum said that the GCC states were starting to run short of gas, with consumption growing at 6.5 percent a year.
He noted that production was declining in Bahrain and the UAE, and that the massive new foreign investments in the Saudi gas sector would take years to come on stream.
Meanwhile, Bahrain and Kuwait are likely customers for Qatari gas from a proposed new 590km subsea pipeline from its Northern Field, a senior Bahrain Petroleum Company official told a conference in Abu Dhabi. Mohammed bin Khalifa Al Khalifa said the UAE's Dolphin project seemed to be the start of a regional gas network, the news service said.
He said a period of stable oil prices had put new energy projects back on the agenda – Albawaba.com
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