The coronavirus pandemic has altered perceptions as to the direction of energy demand growth and more weight has been given to the net-zero commitments by major consuming countries and how these will shape the energy system in the decades ahead.
It will take time for the new Iraqi government to formulate its energy policies amid an unprecedented health and economic crisis. But the electricity sector is among the most in need of new investment and rehabilitation.
The world’s largest coronavirus lockdown in South Asia is placing unprecedented downward pressure on energy demand.
Yemen LNG, the country’s largest industrial project, has been inactive for nearly five years. Both political and gas market volatility threaten to keep it that way.
As long as Turkey is seen as an aspiring hegemon it will face opposition from many neighbors.
The Jebel Ali find promises reduced import bills, improved security of supply, and more gas to boost the economy but will require some clever technical and commercial work to make full use of it.
Concerns over the coronavirus outbreak in China, the world’s largest oil importing country, pushed down oil prices, while the market failed to react to a near collapse in Libyan oil production, the continued absence of Iranian barrels, and other disruptions.
Oman has had notable success with its Khazzan gas field, but the sultanate will need to manage its domestic gas consumption and sign favorable long-term supply contracts to continue to benefit from LNG exports.
OPEC will need to adapt to new realities in an era of disruption and rapid transformation.
Through its careful examination of the forces shaping the evolution of Gulf societies and the new generation of emerging leaders, AGSIW facilitates a richer understanding of the role the countries in this key geostrategic region can be expected to play in the 21st century.Learn More