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Dear colleagues
I am delighted to welcome you to our 6th Annual Gas Arabia Summit, the region’s premier gas event, bringing together an exclusive gathering of high-level decision makers from GCC Governments, NOCs and private gas companies, plus IOCs and other international experts.
It is widely recognised that the Middle East holds over 40% of the world’s proven gas reserves, however with rising demands for domestic power, water, petrochemical and other gas intensive industries increasing substantially, the region’s ripe reserves currently appear destined for local use rather than capitalising upon the more lucrative export markets that can be found in the West and Asia.
‘Unconventionals’ are also growing in importance, particularly in the US, which continues to exploits its undeveloped shale and tight gas reserves. Considered by many as ‘game changers’, it is widely anticipated that in a very short period of time, ‘unconventionals’ will start to influence global energy dynamics, supply and demands and country geopolitics.
Closer to home, we must not forget Iraq’s ambitious plans to boost its gas production and export its natural resources. As their plans take shape, will we really see a shift in regional balances?
Despite the market changes highlighted, Europe continues to seek diversity for its growing need of gas supplies, leaving the Middle East a very real prospect to capitalise on this continued export opportunity.
I would like to encourage you to take a look through our fresh and timely agenda, where you will see an unbiased insight into the most pressing issues affecting the Middle East gas market which will be tackled and presented to you through formal speeches and group discussions by some of the region’s leading gas players including: ADNOC, Qatar Petroleum, Shell, BP, BG Group, OMAN LNG, Crescent Petroleum, Mubadala, OMV, RWE Supply & Trading, RAKGAS, MASDAR, EMARAT, Statoil and many more.
We very much look forward welcoming you to what promises to be the most exciting gas event in 2011.
Claire Pallen
Director, Middle East Operations
T: +44 207 067 18 00
E: c.pallen@theenergyexchange.co.uk
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