Natural Gas Potential And Energy Use In The GCC

Abstract

The demand for natural gas within most countries throughout the GCC region, has, since the beginning of the new millennium, increased. The demand is actually growing faster, than the commodity can be given, which is resulting in a deficiency throughout the world. One of the main things that is affecting the cost and supply of natural gas, is the governments within the GCC region. The government is keeping the cost of natural gas, artificially low, which is increasing demand, yet, the supply is remaining stagnant.

The only way that the GCC region is going to be able to reach a point of sustainability, is to alter their pricing policies for natural gas. Unless the pricing policies go through a revision process, the GCC region will never reach a point of sustainability. The role that the GCC region plays when it comes to the international gas markets, within the future is going to be more than a simple growing demand, imports will be required in order to ensure that the region has enough natural gas for the domestic area. There are arguments coming from the government as well as the nationals within the GCC area that if something can be worked out then perhaps, the GCC region will be able to capitalize on the supply of natural gas that it has, and eventually, be able to supply the region and the international world with the commodity.