Reported 1 day ago
As major oil companies prioritize shareholder returns, Middle Eastern national oil companies (NOCs) are becoming increasingly central to global energy security, especially in natural gas. With robust domestic bases and low breakeven costs, these NOCs are expanding their capacities and international portfolios, particularly in gas and offshore projects, amidst a backdrop of shifting market dynamics. The region is expected to become the world’s second-largest gas producer by 2025, with substantial growth in gas-powered generation due to rising demand. Moreover, NOCs are pivoting towards international expansions while addressing geopolitical and operational challenges, ensuring the Middle East's ongoing role as a reliable energy supplier.
Source: YAHOO