| You are receiving this as part of your subscription to Oil & Energy Investor. To remove your email from this list, unsubscribe here. | | | | Friday, February 28, 2020 | A New Energy Discovery Could Upend Mideast Geopolitics By Dr. Kent Moors | Back in September and December of last year, during meetings I was holding in the United Arab Emirates (UAE), local contacts discussed a huge new natural gas find.
It turns out that the Jebel Ali field and its more than 80 trillion cubic feet of shallow reserves is the largest gas discovery of the last fifteen years - since the Galkynysh field in Turkmenistan - and may well be the fourth- largest anywhere in the world.
As with all such finds, how much of the suggested reserves are exploitable remains to be seen. Some analysts in the region put that provisional figure at about 10 trillion cubic feet. If so, that still makes Jebel Ali a major development.
Well, earlier this month, Abu Dhabi and Dubai, the two best known and wealthiest of the seven emirates comprising the UAE, announced they will jointly develop Jebel Ali. That makes sense, given that these two have the funds and the field just happens to be right on the border between them.
For me, the project has two important dimensions...
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