Forum to discuss gas issues

The Middle East possesses huge gas reserves that call for strategic development, an issue that will receive much attention at the regional gas summit given that the world is hungry for the resource

October 2012

Global and regional industry experts will convene at the 2012 Gas Arabia Summit for four days to discuss how to capitalise on the numerous opportunities that the gas industry offers. Organised by Energy Exchange, the eighth annual Gas Arabia Summit will be held from December 2 to 5 in Muscat, Oman.

This year’s event is co-hosted by Oman Gas Company, Oman LNG, BP and Petroleum Development Oman and sponsored by Total, OMV, Honeywell and UOP.

 The International Energy Agency (IEA) has reported that Middle East gas consumption is expected to rise from 389 billion cub m in 2011, to 468 billion cu m in 2017. However, this 79 billion cu m of additional gas supply forecast is contingent on the successful development of relatively expensive new gas fields.

 The 2012 summit will focus on the entire gas sector including two days dedicated strictly to developing unconventional gas and reducing gas flaring respectively.

 Last year, Sultan Chatila, regional marketing director for UOP, said: “Gas Arabia is a key event for gas upstream and downstream interaction at the executive level.”

 Speakers will take the podium to discuss the favourable economics, logistics, strategies and efficient methods of extraction to significantly enhance productivity of this potentially lucrative resource.

 The summit will provide a comprehensive analysis on the gas industry both globally and regionally. Presentations and discussions will help attendees understand the global gas industry, international demand and supply, global strategies in terms of anticipating setbacks and execution, technological updates and regional opportunities.

 Arianna Neri, project director of the event, said: “This year the Gas Arabia Summit will largely focus on strategic development as opposed to tactical execution.”

QNB Capital, an affiliate of Qatar National Bank, reported that the Middle East region has around 42 trillion cu m of gas to benefit from.

 The QNB Capital report states that Qatar has the GCC’s largest gas wealth of nearly 25 trillion cu m, the world’s third largest after Russia and Iran. Furthermore, Saudi Arabia has nearly 7.5 trillion cu m, the UAE 7 trillion cu m and Kuwait 3 trillion cu m.

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