Related Articles
Forward article link
Share PDF with colleagues

Downstream projects suffer as Gulf spending tightened

Several new developments are about to come on stream. New proposed ones will be delayed by the weak oil price

The Gulf is a region where the timelines of proposed oil and gas projects are often flexible or ill-defined, making it difficult to judge the impact of the oil price fall on investment plans. Burgeoning financial reserves mean no one is panicking yet, either. Nonetheless, a spate of project delays suggests that a more cautious approach to spending is being adopted, especially for the downstream.“Three critical issues continue to confront investors and project sponsors,” Ali Aissaoui, senior consultant at the Arab Petroleum Investment Corporation, said in a January commentary. “Rising project costs, scarcity of supply of natural gas and ethane, as well as funding restrictions. Of the three, t

Also in this section
Qatar hits the gas
8 December 2017
Despite, or perhaps because of, the economic blockade, Qatar plans to expand LNG production by 30%
Cove Point boosts US LNG exports
7 December 2017
A second facility will start supplying the fuel to international markets as American liquefied gas shipments gather pace
Latin America's LNG slowdown
7 December 2017
A few years ago, gas exporters thought the Southern Cone would become a huge new market. Not likely