São Paulo – Demand for natural gas in the Middle East should outstrip oil by 2025, according to the report Middle East energy and resources: managing scarcity for the future, released by Britain’s consulting firm Deloitte last Monday (27th). The information was released by Dubai’s Ameinfo website.
By 2040, according to the report, 50% of the demand for energy in the region will be met by natural gas. The document reports that most state-owned utilities in the Middle East plan on investing in gas production and exploration.
According to Deloitte, the Gulf Cooperation Council countries, in particular the United Arab Emirates, Qatar and Saudi Arabia, plan on spending over US$ 68 billion to boost gas output in the next five years.
*Translated by Gabriel Pomerancblum
