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CHAPTER ONE
Developments in Global Markets
OAPEC member countries in 2012. Their shares of total OAPEC
consumption of natural gas were as follows: 25.5% by Saudi Arabia,
followed by Qatar with a share of 19.3%, UAE ranked third with a
share of 17.9%, and Egypt with a share of 14.5%, as shown in
Figure
(1-25)
and
Table (1-21)
.
Figure 1-25
Natural Gas Consumption in OAPEC Member Countries, 2008 and 2012
(Thousand boe/d)
Fig 1/25
Fig 1/26
0
200
400
600
800
1000
1200
1400
1600
1800
Algeria
Bahrain
Egypt
Iraq
Kuwait
Libya
Qatar
S. Arabia
Syria
Tunisia
UAE
2009
2012
0
10
20
30
40
50
60
70
80
90
100
Bahrain
Qatar
UAE
Algeria
Egypt
Kuwait
S. Arabia
Tunisia
Syria
Libya
Iraq
There is a noticeable disparity between member countries in terms of
their reliance on natural gas. Three groups of countries may be identified:
Countries that depend heavily on natural gas to meet over 50%
•
of their energy requirements. Six countries fall into this category:
Bahrain, Qatar, the United Arab Emirates, Algeria, Egypt and
Kuwait. The share of natural gas in total energy consumption in
2012 was 88% in Bahrain, 84.6% in Qatar, 78% in the United Arab
Emirates, 59.9% in Algeria, 53% in Egypt and 51.6% in Kuwait.
Countries that depend on natural gas to meet 33% to 50% of their
•
energy needs. The two member countries in this group are Saudi
