The case for GCC natural gas integration
The emergence of an East Mediterranean gas hub begs the question of why the Gulf Cooperation Council (GCC) has not promoted an integrated gas grid.
To:
Al-Monitor Pro Members
From:
Kate Dourian
Non-resident fellow at the Arab Gulf States Institute
Date:
Aug. 24, 2023
Bottom Line:
The emergence of an East Mediterranean gas hub begs the question of why the Gulf Cooperation Council (GCC) has not promoted an integrated gas grid. The GCC states sit on over 20% of global gas reserves yet all but two of its six members are net importers and thereby exposed to price volatility and supply disruptions. A common gas market would enhance energy security through optimal use of available reserves and infrastructure.