Energy

In recent years, the EU has been inattentive to the GCC, but the immediate Ukrainian crisis and the long-term climate crisis have combined to jolt Brussels out of this complacency.

Gulf Arab states are well positioned to join global forces to accelerate the development of clean hydrogen, but first they will have to cautiously address institutional, technical, cultural, and market barriers.

The alliance of producers is hastening the timetable to restore barrels of oil to the market in a deft diplomatic maneuver that has been welcomed by Washington and Moscow.

Gulf states will have to reconcile their plans for increasing oil and gas production and investments in fossil fuels with their ambitious climate targets.

Europe is desperately seeking alternatives to Russian gas, but the Kurdistan Regional Government has some way to go before it can produce excess gas for exportation.

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.