Bahrain Petroleum Company (Bapco) is ensuring a balance between the production and forecasted demand to optimise the usage of gas, said senior officials at a meeting.
The annual gas supply and demand summer co-ordination meeting w
Qatari liquefied natural gas (LNG) producer Qatargas plans to maintain deliveries to Europe, although supplies are subject to diversions to higher-paying markets like Asia.
"The largest proportion of Qatargas supplies come to Europe," Iain
Middle East gas oil prices fell this week on swelling global inventories and weak demand, with traders concerned the market could soften more as the refinery maintenance season in the West comes to an end.
Benchmark gas oil differentials f
When summer temperatures soar and power stations work at full capacity, gas supplies in the the UAE are around 20 per cent below demand, an energy official said.
Record oil revenues have fuelled an economic boom in the region, and the UAE