APICORP: Planned gas investments in MENA jump by 29% compared to last year

APICORP: Planned gas investments in MENA jump by 29% compared to last year

MANAMA — The Arab Petroleum Investments Corporation (APICORP), a multilateral development financial institution, today released its MENA Gas & Petrochemicals Investments Outlook 2020-2024 on the MENA region's planned and committed investments for the period 2020 to 2024. The report features key regional developments in the regional gas and petrochemicals landscape and the dynamics shaping it over the short and medium terms.Regional Developments2020 is witnessing one of the biggest gas demand shocks on record, with a year-on-year (y-o-y) reduction of 4% globally. This stands in stark contrast to 2019, which was a record year for