IGU Magazine October 2017

Page 102

Reports from the Regional Coordinators In this issue we bring you updates from IGU’s

hubs, boasting huge proven gas reserves and in

Regional Coordinators for the Middle East and

Qatar, Nigeria, Algeria, Iran, Egypt, Oman and

Africa and for Latin America and the Caribbean

Libya some of the largest natural gas producers

following on from our spring focus on Asia and

in the world. Major new gas discoveries will

Asia-Pacific and North America.

also enhance the region’s natural gas trade either through pipelines to neighbouring

Regional overview of the Middle East

countries or regions or through LNG trade.

and Africa

The charts below highlight the regions’

By Khaled AbuBakr

current impact on the natural gas industry, yet

The Middle East and Africa have always played

these rates are projected to increase exponenti­

a vital role in the global natural gas industry

ally in the near future. With recent colossal gas

and trade, being in the heart of the world with

discoveries in the East Mediterranean and East

proximity to the major natural gas markets in

Africa, the two regions have truly become “a

Europe and Asia. They have gained their

natural gas paradise” that will have a major

importance as one of the world’s natural gas

impact globally.

Khaled Abubakr.

Natural Gas in the Middle East and Africa 14.4%

17.8%

3.9% 42.5%

6%

7.6%

Proven Gas Reserves

Gas Production

Gas Consumption

7.5% 7.3% Middle East 39.4% Africa

Rest of the World

16%

Pipeline Trade

100  R e p o r t s f r o m t h e R e g i o n a l C o o r d i n a t o r s

LNG Trade


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