Despite its dominant role in terms of hydrocarbons reserves, Mena will become the world’s second-largest gas-importing region, according to the International Energy Agency.
Consumption of natural gas in the Middle East, the
The UAE said it was looking at the possibility of importing natural gas from North America, in what would be one of the most striking developments since the start of the US shale boom.
The US and Canada are producing record amount
Egypt plans to issue a tender to import gas in three to four weeks, and the shipments could start in the summer to help meet growing demand for the fuel, the oil minister said on Saturday.
Egypt, itself a gas producer and exporter
The European Union is poised to ban imports of Iranian gas as part of a set of new measures to ratchet up pressure on the Islamic Republic over its nuclear programme, according to senior diplomats.
Diplomats from EU member states
Bulgaria wants to start importing as much as 1 billion cubic metres of gas a year from Egypt from 2011-12 if pipeline links are completed, Bulgaria's economy and energy minister Petar Dimitrov said on Thursday.
Dimitrov and Egypt's
United Arab Emirates' Crescent Petroleum expects to start importing gas from Iran's offshore Salman Field in three months, its chairman said on Thursday.
Hamid Jaafar also said that his company will not be able to take part in Iraqi oil pr