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Middle East gas shortages grow
The Mideast Gulf is one of the world's most gas-rich areas, yet many of the states are suffering from shortages. The situation is worsening, and is being driven by subsidies. Miles Lang reports
THE TRINITY Arrow liquefied natural gas (LNG) tanker docked in Kuwait on 10 May. The shipment, which came from Zeebrugge, was the first part of a four-year deal with trader Vitol to supply Kuwait Petroleum with LNG during the summer months. Kuwait, like other Gulf states, has been struggling to find enough gas to feed its growing electricity demand – in June, the country's grid reached 99% of its 11 gigawatt generating capacity, resulting in fires in transformers and widespread blackouts. The consequence is this seemingly absurd reality: LNG tankers leaving Abu Dhabi with cargoes for Japan and South Korea, passing tankers redirected from Europe for delivery to Kuwait. Of the six Gulf Cooperation Council (GCC) countries, Qatar is the only net gas exporter. But Kuwait, which is separated from ...Click here to continue reading Middle East gas shortages grow
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