Book on current status of natural gas released

ABU DHABI — The Information Affairs Office of Deputy Prime Minister Shaikh Sultan bin Zayed Al Nahyan has published a study entitled “Natural Gas and the Future of Arab Cooperation”.

By A Staff Reporter

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Published: Fri 1 Apr 2005, 10:59 AM

Last updated: Thu 2 Apr 2015, 6:57 PM

The study throws light on this natural source of energy from the early days of discovery — its characteristics, consumption, prices, the increasing demand worldwide since 1973, and its economic, political and ecological impacts.

It also sheds light on the worldwide consumption of natural gas at the present and in the future, its strategic reserves and current and future status in the Arab World concerning its reserves, production, problems and challenges facing its feasible usage.

According to the study, exporting natural gas is not among the best strategic options, rather priority should be given to power generation and establishing petrochemical industries based on Arab integration as a shield vis-à-vis the unfair international challenges.

The study stresses the importance of the political will, the necessity for creating effective mechanisms of cooperation, and the consolidation of the Arab negotiating stance.

Expanding the usage of natural gas, increasing the potentiality of the Arab refineries, encouraging pan-Arab power grids, enacting economically motivating legislations and the effective participation by Arab private sector and civil society should also be a priority over the option of exporting the natural gas, the study says.

Finally, the study mentions the necessity of refinging the important natural resource and using it in an optimum way that activates the Arab integration mechanisms required to protect the Arab interests in a world replete with economic blocs.



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