Gulf Co-operation Council discusses gas supply to EU
Dec. 4, 1996 Gulf Co-operation Council (GCC) member states are discussing ways to supply natural gas to the European Union (EU), following a recommendation on such sales during a gas conference in Doha, Qatar, recently. There are plans now to conduct a study in co-operation with the EU and the industrial sector on the best means to transport natural gas to the EU. The GCC states, except the UAE, do not export natural gas to the EU at present. The EU gets most of its supplies from Russia and Algeria. The UAE this year started to export surplus liquefied natural gas (LNG) to the EU after supplying its long-term customer in Japan. The six-member GCC, grouping OPEC members Kuwait, Qatar, Saudi Arabia, and the UAE, in addition to non-OPEC Oman and Bahrain, have around 700 tcf of natural gas, nearly 15 % of the world's total.