The Middle East is cruising into the second half of 2019 with spectacular gas production, and is expected to surpass powerhouse Russia by the end of the year. According to Rystad Energy, the Middle Eastern region will produce over 730 billion cubic meters of gas by 2020, increasing to about 920 billion cubic meters by 2030.
Nevertheless, international markets may not feel the full effect as demand in the region is also expected to see rapid growth. Iran and Saudi Arabia alone could absorb more than 50% of the region’s production by 2030.
Qatar will remain the highest gas exporter in the region and will see a jump in LNG exports as the North Field project ramps up. Exports from Israel are also expected to grow rapidly which could primarily benefit the European market.
Carlos Torres Diaz
VP & Head of Gas and Power Market Research
Phone: +47 24 00 42 00
Phone: +47 951 98 742
About Rystad Energy
Rystad Energy is an independent energy research and business intelligence company providing data, tools, analytics and consultancy services to the global energy industry. Our products and services cover energy fundamentals and the global and regional upstream, oilfield services and renewable energy industries, tailored to analysts, managers and executives alike. Rystad Energy’s headquarters are located in Oslo, Norway with offices in London, New York, Houston, Stavanger, Moscow, Rio de Janeiro, Singapore, Bangalore, Tokyo, Sydney and Dubai.