Gas

The U.S. has become a serious competitor to Russia in Europe.

Asia’s biggest economy has also become the second-largest importer of LNG.

For 2018. analysts predict accelerating growth in major economies and increased infrastructure spending.

India’s average monthly imports in 2017 of about 1.7 million tonnes are well still behind China’s 2.2 million tonnes.

Zohr was first auctioned back in 2012. but the discovery of the huge deposit of gas was only made in 2015.

The world’s biggest LNG producers are Qatar. Australia and Malaysia. which together meet around 60 percent of global demand.

The demand for natural gas in the domestic sectors for GECF member countries will increase to 178 bcm in 2040.

Annual capacity of the gas pipeline will be 33 billion cubic meters.

The Iran-Oman gas pipeline project is expected to connect Iran’s gas reserves with Omani consumers and LNG plants.

The field. operated by Eni. was discoveredAugust 2015 and is estimated to have a total potential of up to 30 trillion cubic feet of gas in place.