Gulf countries facing shortage of gas

[phantom power]

Although the global economic slump has reduced the need for gas in most regions, demand in the Gulf Cooperation Council (GCC) for power generation has outpaced the region's gas exploration and production.

"Bahrain, Kuwait, Oman, Saudi Arabia and the United Arab Emirates are facing a reversal of a decades-old status quo: an increasing gas shortage in the region amid a significant supply overhang in the rest of the world," said the report.

"As a result, GCC find themselves in uncharted territory, an almost contradictory position of having to import gas, when they have exported gas for decades," according to the report by Booz and Company.

http://www.business-standard.com/india/news/gulf-countries-facing-shortagegas-report/97814/on

[dipsydoodle]

1. They can probably get it

from Iran if they ask nicely and trade refined product for it.