SUPPLY DEMAND

 

IEA Sees Middle East Gas Expansion Serving Only Regional Needs In Medium Term

Middle Eastern gas demand is expected to grow faster than production over the medium term, according to the International Energy Agency (IEA). The agency’s Medium Term Gas Market Report 2012, released on 5 June at the World Gas Conference in Kuala Lumpur, says that “Middle East gas production is expected to serve exclusively the regional gas market in the...