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Cheap Middle East gas era is over

Cheap Middle East gas era is over

As global gas suppliers call for the end of subsidies, the region could see a 75 percent increase in gas prices. For now, prices are still lower than competing buyers.

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October 5, 2011 12:52 by



…the world’s biggest LNG exporter can make more money selling in Asia and Europe, analysts say.

Mirza said in July the country may have to look as far as Russia to meet demand for gas as supply talks stall with its neighbours. (Reporting by Daniel Fineren)



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1 Comment

  1. MK on October 6, 2011 11:27 am

    The sooner it’s implemented the better!
    Maybe then you’ll actually start seeing less 4x4s and reduced congestion on roads!
    On a side note, with so many people commuting between Emirates, particulayr Sharjah-Dubai-Abu Dhabi, isn’t it time that there was a plan of action to develop a public fast-speed train between them? This is another reason that fuel prices need to be increased, so people start questioning the lack of alternative transportaion means.

     

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