- QatarEnergy selects Nakilat to own and operate 25 conventional LNG vessels
- The joint development of the Dorra field between Saudi Arabia and Kuwait is pending the demarcation of the border with Iran
- Minister of Energy reaffirms the UAE’s commitment to adopting clean energy and supporting the Paris Agreement
- The new Hassi Messaoud refinery enjoys the support of the government and President Tebboune
- Increasing electrical interconnection capacities to export electricity beyond borders
- Qatar Energy stops sending liquefied gas tankers through the Red Sea for security reasons
- The inauguration of the Duqm Refinery, the largest joint Gulf project in the refinery sector
- Saudi oil exports are faltering due to Houthi attacks on ships in the Red Sea and Gulf of Aden
- Algeria to host and chair the Gas Exporting Countries Forum summit (February 29 to March 2, 2024)
- Egypt Energy Conference and Exhibition 2024 gives a strong impetus to the global energy dialogue
Gulf Cooperation Council – the start of the first stage of the electricity linkage project
GCC countries witnessed a significant growth in electricity consumption in recent years, with increased electrical energy generated by the rate of increase of an average of about 5.7% annually in years. Saudi Arabia has a production capacity of approximately 150 hours Terawat represent 49% of the total capacity of the six nations, followed by the UAE, which has about 21% of the total energy of the Council.
The project to link three-phase electric completeness supposed end of 2010, the project will contribute to the provision of electricity, a relatively low cost to all States of the Council. The estimated project cost three billion dollars, and its implementation is divided into three phases to be in the first stage, linking Saudi Arabia, Qatar, Bahrain and Kuwait, and the second is linked to the UAE and Oman, and the third is linked to some of the groups related to the six-nation network connectivity.
Recently, the Department has decided to link the GCC electric power contracts with 6 companies to complete the first phase, which will link the networks of Saudi Arabia, Qatar, Bahrain and Kuwait, which cost will be divided between the amount of one billion dollars to cover these countries Saudi Arabia, 40% of the cost, Kuwait 36.5%, and the rest is divided equally between Qatar Bahrain, is due to expire at the end of this phase in 2008.
