#Qatar’s LNG has a very dominant role in Mediterranean market: IEA official - The Peninsula Qatar

Qatar’s LNG has a very dominant role in Mediterranean market: IEA official - The Peninsula Qatar:

Natural gas resources in the eastern Mediterranean are unlikely to be a game-changer given rising supplies in the global gas market, according to the Turkish head of the International Energy Agency (IEA).

Discoveries of new gas resources in the eastern Mediterranean have put some countries in the spotlight, but feasibility, political challenges, and the presence of other major gas producers impose hurdles on projects that may fail to have a major impact on the gas market, Fatih Birol said yesterday.

“Qatar’s liquefied natural gas has a very dominant role in the Mediterranean market,” he told Anadolu Agency. With Qatar, American gas, and incoming supply from a couple of countries in the Middle East region, it looks very difficult economically to constitute a major project in the eastern Mediterranean, plus there are some political issues as well.”