Middle East Economic Survey


No 15


Gas At The Crossroads

Gas producers in the Middle East and North Africa have reached a crossroads. The US shale gas revolution, combined with the economic slowdown, has brought down global prices, while at the same time the financial crisis has cut project funding. Local push and pull factors are also in play as growing domestic demand, particularly in the Gulf, leads to reassessment of gas monetization priorities, and continued adherence...