Energy Sustainability in the Gulf States: The Why and the How Laura El-Katiri* March 2013 MEP 4 * Laura El-Katiri, Research Fellow at Oxford Institute for Energy Studies, Oxford, UK. Correspondence address: Oxford Institute for Energy Studies; 57 Woodstock Road, Oxford OX2 6FA, United Kingdom; Tel: +44 (0)1865 889134; Fax: +44 (0)1865 310527; Email:
[email protected]. The author thanks Bassam Fattouh, Jonathan Stern, David Robinson, Lavan Mahadeva, and William Yong for their helpful comments on earlier drafts of this paper; Christian Bruhn for his help and comments on the logarithms drawn up for this paper; as well as a number of unnamed friends, the discussion with whom has proven invaluable for this research. All remaining errors are the author’s. The contents of this paper are the authors’ sole responsibility. They do not necessarily represent the views of the Oxford Institute for Energy Studies or any of its members. Copyright © 2013 Oxford Institute for Energy Studies (Registered Charity, No. 286084) This publication may be reproduced in part for educational or non-profit purposes without special permission from the copyright holder, provided acknowledgment of the source is made. No use of this publication may be made for resale or for any other commercial purpose whatsoever without prior permission in writing from the Oxford Institute for Energy Studies. ISBN 978-1-907555-70-1 2 Abstract For many decades, the Gulf states’ significant oil reserves have rendered the region among the most important energy suppliers in the world, and there is similar potential for the region’s natural gas reserves.