For the next few decades, it appears that natural gas will be among the winners in terms of its share in the market of primary energy sources and to play the role of transitional fuel on the road towards sustainable development which has been, and is likely to remain, a key issue on the agendas of the world’s decision makers for the foreseeable future. This presents a historic opportunity for the global gas industry, both in terms of meeting the growing energy demand in the coming decades and living up to the expectation that natural gas is clean, safe, and reliable, and thus the transition fuel par excellence.
For the next few decades, it appears that natural gas will be among the winners in terms of its share in the market of primary energy sources and to play the role of transitional fuel on the road towards sustainable development which has been, and is likely to remain, a key issue on the agendas of the world’s decision makers for the foreseeable future. This presents a historic opportunity for the global gas industry, both in terms of meeting the growing energy demand in the coming decades and living up to the expectation that natural gas is clean, safe, and reliable, and thus the transition fuel par excellence.The Gulf contains huge quantities of proven natural gas reserves, estimated at the beginning of 2024 to be at an aggregate figure of about 82,173 billion cubic meters (bcm). That accounts for more than 40 percent of the world’s total, while the region’s population represents less than 4 percent of the globe. In 2023, the average gas reserves-to-population ratio in the Gulf was high, covering around 120 years compared to a global average of some 51 years.In addition to its huge conventional gas reserves, the Gulf has large resources of unconventional gas (including coal-bed methane, tight gas, and especially shale gas), estimated at 7% of the world’s total.Considering the enormous gas potential of the Gulf, little has been done so far to exploit its reserves. Gulf gas production pales in comparison to the region’s reserves and potential, with gas output in the area representing around 17% of the world’s total in 2023.The report “Natural Gas: From the Gulf to the World” focuses on several key areas, most notably:Natural Gas & the Global Energy Transition Process Natural Gas Reserves & Resources in the Gulf Natural Gas Production in the Gulf Natural Gas Consumption in the Gulf, Challenges Facing Gulf Gas Exporting Countries Natural Gas Exports from the Gulf, Future and Challenges
