Challenges to Arabian gas development
The Middle East has over half of the world's oil reserves and more than a quarter of the world's gas reserves. During the 1970s and early 80s, when oil prices were high, gas resource development received high priority. However, with the recent availability of cheap oil, this enthusiasm has waned. The reason is twofold: from the producer's viewpoint, natural gas projects are highly capital-intensive with long lead times, inflexible, and sometimes hampered by non-remunerative pricing. From the consumer's end, there is a new attitude of waiting to see whether prices of gas products will go down further to reach parity with cheaper energy sources such as coal. Gas resource owners who were keen to develop their resources are restricted by this new pyschology in the industry.
- Research Organization:
- Qatar General Petroleum Corp., Doha (QA)
- OSTI ID:
- 6132803
- Journal Information:
- Hydrocarbon Process.; (United States), Vol. 68:2
- Country of Publication:
- United States
- Language:
- English
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29 ENERGY PLANNING
POLICY AND ECONOMY
MIDDLE EAST
NATURAL GAS INDUSTRY
NATURAL GAS
AVAILABILITY
ENERGY CONSUMPTION
PRICES
PETROLEUM
RESERVES
COAL
ELECTRIC UTILITIES
ENERGY SOURCES
PILOT PLANTS
RESOURCE DEVELOPMENT
CARBONACEOUS MATERIALS
FLUIDS
FOSSIL FUELS
FUEL GAS
FUELS
FUNCTIONAL MODELS
GAS FUELS
GASES
INDUSTRY
MATERIALS
PUBLIC UTILITIES
RESOURCES
030600* - Natural Gas- Economic
Industrial
& Business Aspects
294000 - Energy Planning & Policy- Fossil Fuels