Natural-Gas Squeeze Means Mideast Fuel Switch: Energy Markets
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Persian Gulf petrochemical producers are turning to naphtha as a feedstock for the first time amid growing power-plant demand for natural gas.
Abu Dhabi plans to build the Middle East’s first plant that will only use naphtha to make plastics. Saudi Arabia may develop similar units as part of two refinery ventures, according to state-run Saudi Aramco, France’s Total SA and Sumitomo Chemical Co. of Japan, the partners in the projects.