A recently issued Research Note by Interfax Global Gas Analytics suggests that gas – and to a lesser extent renewables – will replace more polluting forms of energy such as oil in the Middle East’s power sector.
The six Gulf Cooperation Council (GCC) member countries – Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates – all face rapidly rising electricity demand. The GCC’s electricity demand increased by 5.8% on average between 2010 and 2015, and GGA forecasts it will rise by 3% per year on average until 2020 despite a slowdown in the pace of the region’s economic growth.
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