Crystol Energy CEO Dr. Carole Nakhle joined Paul Hickin on the Petroleum Economist podcast to discuss the evolving energy landscape in the Middle East, with a particular focus on the growing role of natural gas.
In the episode titled “Middle East has huge gas opportunity, says top energy economist Nakhle”, Dr Nakhle highlighted how gas is emerging as a strategic asset for economic development in the region. While often viewed through the lens of export potential, she stressed the importance of natural gas in meeting domestic energy needs, supporting industrial expansion, and offering a more sustainable alternative to other fossil fuels.
“Natural gas has the potential to be the economic and environmental ‘plus-fuel’ for the Middle East—addressing local energy demand, enhancing security of supply, and contributing to long-term growth,” Dr Nakhle said.
The conversation also explored a range of interconnected topics shaping the region’s energy and economic outlook:
- Natural gas and the energy transition: The evolving role of gas in power generation, LNG growth, and its positioning as a lower-carbon solution amid global climate ambitions.
- Oil markets and the ‘peak demand’ debate: Why the future of oil should not be defined by simplistic assumptions, especially in a world shaped by geopolitical shifts, policy uncertainty, and the practical challenges of energy transition.
- The role of OPEC and OPEC+: How voluntary cuts and increased flexibility are influencing global oil market dynamics, while also creating complexity for producers and investors.
- Policy advice for energy decision-makers: The need to align energy planning with broader economic reform, build resilient fiscal systems, and accelerate economic diversification.
- Geopolitics as a market wildcard: Ongoing regional tensions and shifting alliances continue to impact investment flows, supply chains, and energy diplomacy.
Dr Nakhle concluded by reiterating that realising the Middle East’s full gas potential requires clear policy frameworks, robust institutions, and a strategic approach to integrating energy into national development agendas.
Listen to the full podcast here:
Middle East has huge gas opportunity – Petroleum Economist
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