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Project Insights

Gulf energy sector faces renewed vulnerability

The attacks on Saudi energy installations last month has highlighted the increasingly gas-hungry region’s susceptibility to a deteriorating security climate The attacks on Saudi energy installations last month has highlighted the increasingly gas-hungry region’s susceptibility to a deteriorating security climate.
By James Gavin 3 October 2019 Middle East & Africa / LNG 0 34642
The Ras Laffan LNG plant in Qatar. (Statoil)

The key issue: While the direct damage to gas production in the attacks on Saudi Arabia’s energy installations last month was limited, the Gulf’s growing LNG trade presents a target to those determined to inflict damage on the Middle East’s energy giants.

Interfax analysis: Gas consumers and producers have cause for concern at the deterioration in the security situation in the Persian/Arabian Gulf. Although the main effects of the drone attacks in Saudi Arabia on 14 September were felt on oil production – as 5.7...