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Gulf Cooperation Council members to face gas crunch
September 1, 2013September 1, 2013by In Oil & Gas

Gulf Cooperation Council members to face gas crunch

A recent report called, 'Gas shortage in the GCC - How to Bridge the Gap', by global consultancy firm, Booz & Company, says gas shortage in the six resource-rich Gulf Cooperation Council (GCC) countries will become more evident 2015 as demand is on the rise and supply struggles to keep pace. Increasing power consumption, depleting oil fields, gas exploration and long-term gas export commitments have limited the local supply of gas in the region, the report says.