Mideast Gas Spend to Rise Despite Price Woes, Apicorp Says

More investments planned, led by Qatari LNG expansion project
Pandemic hinders growth in demand for natural gas, lender says

Watch: Leila Benali, chief economist and head of strategy and energy economics at Arab Petroleum Investments Corp., discusses global natural gas demand, the trends that she’s seeing and her outlook for the LNG market in the region. (Source: Bloomberg)

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Verity Ratcliffe

October 12, 2020 at 4:34 AM UTC

Updated on

October 12, 2020 at 7:09 AM UTC

This article is for subscribers only.

Investment in natural gas projects across the Middle East and North Africa will rise, even as the coronavirus pandemic damps demand for the fuel, according to Arab Petroleum Investments Corp.

Gas projects planned or under development in the region will require around $211 billion in investment between 2020 and 2024, the multilateral lender said Monday in a statement. In its previous investment outlook, Apicorp estimated that spending would total $185 billion between 2019 and 2023.