GCC gas network needs to be on the agenda | GulfNews.com:
"In a significant development formalised last week, Oman signed a 25-year agreement valued at $60 billion with Iran to supply it with Iranian gas through a pipeline. The agreement brought to memory the hesitancy of GCC countries to set up a Gulf-wide natural gas network similar to the power grid linkage.
Regional co-operation is vital and contributes to an exchange of mutually beneficial interests. However, in international relations, there is never an absolute economic co-operation removed from political considerations and pressures. Hence, this requires diversity in supplying the tools of development.
Currently, demand for natural gas among GCC countries is on the rise due to the increased power production and the constant expansion of the petrochemical industry and oil production. This has led some of the GCC economies to search alternate sources, including production of the very high cost and environment-polluting shale gas."
'via Blog this'
No comments:
Post a Comment