Demand for natural gas expected to rise faster than for other fossil fuels in Middle East

Published August 25th, 2003 - 03:00 GMT

While fossil fuels such as oil and coal will continue to dominate the global energy mix until 2030, the demand for natural gas will rise more strongly than for any other fossil fuel. While the Middle East has always been known for its vast oil resources, the region is also home to 25.5 percent of the world’s natural gas resources, according to a recent World Energy Outlook report issued by the International Energy Agency (IEA),

The need to develop cost-effective drilling technologies that do not disturb the surface environment and the increased share of gas in the world energy demand will be part of the deliberations at the Oil & Gas Show (OGS 2003), the leading oil and gas show in the Middle East scheduled to be held from October 12-15, 2003, at the Airport Expo Dubai.

The Oil & Gas Show will host delegations from, amongst other countries, Germany, Italy, Russia, China, Iran, Malaysia, Indonesia and Turkey. The event will bring together some of the world’s foremost players in specialized equipment in exploration, drilling, mapping, maintenance, safety and rescue, fighting and corrosion protection. Besides the technological aspects of the industry, the show is also expected to reveal short-term and long-term trends in the demand scenarios of various energy sources. — (menareport.com)