Having Its Oil And Heating It: The Middle East As A Demand Center
The Middle East is increasingly playing a dual role in the global energy and commodities markets. While the region continues to be an abundant source of hydrocarbons, it is now turning into a significant consumer as well.
Rising energy consumption, coupled with huge investments in infrastructure, are underpinning the region’s newfound thirst for energy. Advances in oil storage, refining and in the petrochemicals sector are transforming the Middle East into a dynamic refined products trading hub. Meanwhile, growth in regional gas demand is outpacing the supply of pipeline gas, turning the region into a fast-growing global buyer of LNG.
As these trends continue to shape the market, what will be the impact of the Middle East as an energy demand and supply center?
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