GCC Natural Gas Market Comprehensive Study 2024 by Statoil, LUKOIL, ADNOC Group, Saudi Aramco, Eni, Dana Gas, ConocoPhillips, Gazprom Neft

GCC natural gas market has been a recipient of the concerns related to energy security and climatic changes due to increasing fossil fuel consumption. In a bid to strengthen the regional sustainable energy scenario, GCC countries including Kuwait, UAE, Bahrain, Saudi Arabia, Qatar, and Oman have been planning to increase the dependency on sustainable energy sources for curbing carbon footprints. In accordance, they have apparently set long-term goals that are certain to favorably stimulate GCC natural gas industry.

Request for a sample of research report @ https://www.gminsights.com/request-sample/detail/2636

Aimed toward encouraging foreign as well as local investors to contribute to the development of sustainable energy projects, member states of GCC have compiled a set of stringent regulatory norms. With more and more regulatory policies concerning energy transition becoming commonplace, GCC natural gas market outlook is likely to undergo a transformation in the years to come. The UAE for example, has initiated a policy called ‘Energy Strategy 2050’ that targets carbon footprint reduction by 70% while simultaneously increasing the share of clean energy in the overall energy mix to 50% by 2050.

Speaking more about the O&G exploration and excavation programs, many foreign investors have depicted their interest in the Omani gas fields owing to the rise in gas production across this region. Validating the aforementioned fact, UK based petroleum company, BP has signed a deal with the Oman Oil Company to enhance gas production. This collaborative approach of the company to escalate gas exploration activities has been touted to reduce the economic dependency of the country on oil revenues. In fact, the Oman government is also looking forward to supplying natural gas to domestic energy-intensive companies and power generation plants, diversifying the country’s economy away from oil.

GCC Natural Gas Market Competitive Market Share & Forecast, 2018 – 2024 in detail along with the table of contents@ https://www.gminsights.com/industry-analysis/gcc-natural-gas-market

As of now, heavy investments by the Gulf countries on oil and gas projects have been making a remarkable impact on GCC natural gas market trends. The growth strategies adopted by regional governments to promote energy-intensive and petrochemical industries to use natural gas for accomplishing their energy needs is also poised to propel the product demand. As the growing energy need for domestic industries reduces the economic dependency of most of the Gulf countries on oil exports, owing to the increasing gas production, GCC natural gas industry is certain to observe an upsurge. Powered by regulatory support and growing gas exploration activities, GCC natural gas market is expected to register a CAGR of more than 4% over 2018-2024.

Make an inquiry before buying @ https://www.gminsights.com/inquiry-before-buying/2636

GCC Natural Gas Market Industry Insights:

1 Industry segmentation
2 Industry landscape, 2013-2024 (USD Million)
3 Industry ecosystem analysis
4 Innovation and Sustainability
5 Regulatory landscape
6 Price trend analysis
7 Primary energy consumption trends
8 LNG import/export
9 Customer requirements
10 Customer group requirements

About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
Blog: http://global4energy.com

This release was published on openPR.