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06 Jan 2012  |  South Asia, Middle East & North Africa

Economic 360 for the UAE: Growth Prospects and Emerging Opportunities in the Energy Industry

The UAE's Energy Industry: Hydrocarbon Dominance to Gradually Make Way for Renewable Energy

The energy industry in the UAE is highly dependent on the hydrocarbon sector. Most of the electricity is generated using natural gas and the rest through other fossil fuels. The demand for oil and gas is envisaged to rise steadily driven by the increase in the demand for electricity during the forecast period. The government is likely to make inves...

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23 Nov 2011  |  South Asia, Middle East & North Africa

GCC Economies: Oil Dependence to Economic Diversification

 

The Gulf Co-operation Council (GCC) economies have been heavily dependent on the hydrocarbon sector, which accounts for a large part of their export earnings and government revenue. However, the GCC nations are striving to diversify and reduce the risks that stem from their economic dependence on the oil and gas sectors, which, although lucrative, ...

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18 Oct 2011  |  South Asia, Middle East & North Africa

Qatars Economic Growth Fuelled by Liquefied Natural Gas

 

The expansion of LNG trains in 2011 by the major LNG producers in Qatar (Ras Gas and Qatar gas) has increased the production and export capacity of LNG. Increase in the world's demand for LNG and various long term contracts signed by the country to supply LNG are expected to drive the economic growth of Qatar in 2011 and beyond. Investments have be...

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