Energy

Kuwait and Saudi Arabia’s deal to develop the Dorra gas field could set up a confrontation between Iran and Kuwait – one of the GCC states with which Tehran has the most cordial relations.

The war in Ukraine has brought about a change of direction and exposed the vulnerabilities of an energy world in transition.

A revived nuclear deal with Iran would untangle some energy knots while tightening others.

The IEA’s release of over 60 million barrels of emergency oil stocks was the largest in IEA history. But there is increasing recognition of the need to coordinate such short-term measures with longer-term solutions.

On March 10, AGSIW hosted a discussion examining the impact of the Ukraine crisis on global oil and gas markets and the direct effects on the Gulf region.

Should more countries follow the EU’s lead and step up efforts to seek alternative supplies of oil and gas, Russia could find itself out in the cold, whether it wins or loses the war against Ukraine.

The Russian invasion of Ukraine crystallizes existing Gulf policies and could form the backdrop to further regional polarization and instability.

In the long term, Qatar could play a pivotal role in diversifying European gas imports away from Russia.