The Persian Gulf is, without doubt, the most prominent oil and gas production area in the world. After decades of intensive exploration and production, the region still amaze persistent explorers. Even well-explored countries such as the UAE still hold surprises. The Emirates are already one of the world’s largest producer and exporter of oil. In 2019 on average 2.9 million barrels per day were extracted, which generates approximately 30 percent of the country’s GDP . Despite its impressive production capacity, the UAE remains strongly dependent on imported natural gas to meet domestic demand. A third of the country’s gas is provided by neighboring Qatar. The majority is exported through the Dolphin pipeline. The fraught political relations between Qatar and the UAE due the latter’s support of the Saudi-led blockade create an awkward commercial relationship. Therefore, the discovery of a massive gas field on the border of Dubai and Abu […]