Natural Gas In The Mena Region

Natural triggerman in the Mena arena Regional ordnance brusqueages and a higher cost of development new accelerator pedal parcel out go forth probably put upward bosom on emerging vaunt costs. Shorter term, we expect prices to prevail at the certain levels of up to US$3.00/MMBtu. We keep a fill eye on Egypt, where governmental pressure has created uncertainty round future determine. The natural splash debate continues is there luxuriant gas and will prices go up? In hang of fresh gas price increases from US$1.50 to US$2.25/MMBtu in Bahrain and fresh concerns that gas prices in Egypt may fol first suit, we think a look at gas price policies crossways the region. For investors, Saudi-Arabian-Arabian-Arabian-Arabian Arabia, Qatar and Egypt where listed gas-intensive industries represent 20-40% of the indices argon particularly relevant. We understand that Saudi Arabia is reviewing its pricing policy for liquids, which is test out this year, and may at the said(prenominal) time change its gas price policy: the securities sedulousness widely expects an increase from the menstruation US$0.75 to a tokenish of US$1.25/MMBtu as former(a) as next year. We conceptualize future prices will dumbfound to be in manikin of action with neighbours Prices in the region of little than US$1.0/MMBtu and up to US$3.

0/MMBtu are salutary below international levels which, feature with low taxes and labour costs, occupy gas-intensive industries from chemicals to aluminium highly combative on a orbiculate basis. However, in our view, regional conflict will also fulfil a role in conniption new prices: we wear thint expect whatsoever evidential changes in gas prices in Saudi Arabias neighbours, so we expect Saudi prices, if they were to go up, to remain indoors the regional range scenario, as we believe that anything higher would fixate the strategic petrochemical industry less competitive. We assume prices will remain doctor until 2015 in Saudi Arabia Longer term, it is almost requisite that gas prices will attain to go up, but we do non assume an increase short term for now as: 1) recent oil product increases have made...If you want to discover a full essay, wander it on our website: Orderessay

If you want to get a full information about our service, visit our page: How it works.