New Gulf gas finds serve strategic purpose | Analysis – Gulf News

New Gulf gas finds serve strategic purpose | Analysis – Gulf News:

Over the past year, huge gas discoveries were made in Bahrain, the UAE and Saudi Arabia. In April last year, Bahrain announced discoveries estimated at 80 billion barrels of oil and 20 trillion cubic feet of gas, while this month, the UAE announced a new gas field with reserves estimated at 80 trillion cubic feet.

And just last week, Saudi Arabia came up with the Jafurah field, with reserves estimated at 200 trillion cubic feet. These discoveries will not only lead to significant economic outcomes, but will result in strategic repercussions on the global energy industry. It will also affect the nature of relations among countries of the region, especially if the three Gulf states coordinate with each another, as their projected scale of the finds add up to 300 trillion Cubic feet.

This will be added to 400 trillion cubic feet previously discovered in Saudi Arabia, the UAE and Bahrain, which means their collective reserves are in the order of 700 trillion.