Gulf Cooperation Council discusses developing unified gas network

The undersecretaries of ministers of petroleum in the Gulf states started their second meeting at the headquarters of the Gulf Cooperation Council today to discuss developing a gas network project among the GCC states.

The undersecretaries' recommendations will be presented at the coming meeting of the ministerial committee of the GCC states.

Saudi Arabia owns gas reservoirs that are estimated at 240 trillion cubic feet, is considered the biggest producer and consumer of gas in Middle East and uses gas in its petrochemical industries. The volume Saudi Arabia's natural gas production reached 41.3 billion meters.

Qatar possesses gas reserves of 250 trillion cubic meters.