ABSTRACT
The Persian Gulf is a major stakeholder in a global energy system that depends on oil and gas for 65 percent of its energy requirements. It is also a critical transportation artery for trade in oil and petroleum products, of which 60 percent is seaborne. Changes in the global energy system will therefore impact the role of the Persian Gulf as a supplier and transport corridor. The success of the strategies they implement during the next one or two decades will partly determine whether Gulf economies, societies, and ruling regimes face “existential threats” or continue to thrive and prosper in a low carbon era.
Keywords: Energy; Persian Gulf; oil; gas; global markets.
