Can Cooperation Enhance Natural Gas Utilization in the GCC?

The last decade saw dramatic changes in the energy sector, including the shale oil and gas boom in the United States (U.S.), a commodity down-cycle, and heightened awareness of the global climate challenge. In response, the Gulf Cooperation Council (GCC) member countries launched economic reforms to diversify government revenues away from hydrocarbon exports and restructure domestic energy prices to manage rapidly rising energy demand.