Siamak Adibi

Director, Global LNG Supply Analytics, and Head of ME Gas Research

FGE

Siamak specializes in the natural gas and LNG business, leading FGE’s short- and long-term market analysis and consulting for the MENA, Europe, and Latin America regions. He has more than 20 years of extensive practical and analytical experience in the global natural gas and LNG sectors. Siamak is a specialist in energy modelling and long-term supply–demand forecasting, with deep expertise across the LNG value chain, upstream and downstream gas markets, and the commercial aspects of gas trade, including pipeline gas and LNG sales and purchase agreements.


At FGE, he has led numerous techno-commercial studies on LNG and gas monetization solutions for international oil and gas clients. Mr. Adibi is widely recognized as an expert on the MENA gas and LNG sector, frequently leading conference sessions, delivering training programs, and contributing to industry literature. He holds an MBA from Victoria University, Australia.
 

Participates in

TECHNICAL PROGRAMME | Primary Energy Supply

Energy Supply and Demand Outlook: Navigating the Future
Forum 01 | Digital Poster Plaza 1
27
April
15:30 17:30
UTC+3
For decades, National Oil Companies (NOCs) in the Middle East primarily operated on behalf of their governments, generating revenues to fund national economic and develop domestic infrastructure. In recent years, however, the growing influence of sovereign wealth funds and government-driven economic diversification strategies have begun reshaping the structure as well as role of NOCs in the region. This transformation is particularly evident in the natural gas and LNG sectors by investment of these national entities in overseas projects.

This paper presents case studies of leading NOCs in the UAE, Qatar, and Saudi Arabia, examining how they are expanding their global portfolios and pursuing integrated upstream and downstream strategies. Their evolution is compared with that of international energy companies (IOCs) to highlight key differences and similarities.

As these transformations progress, NOCs are becoming increasingly influential in developing new gas/LNG projects worldwide, expanding global LNG trade, and reshaping market dynamics.

The paper also draws lessons from global energy players, offering a strategic perspective on how Middle Eastern NOCs are positioning themselves for successful business expansion in gas/LNG markets and how this expansion will help them for trade optimization.

Finally, it assesses their dominance in LNG markets, their overseas investments, and the implications of their growing role in LNG trade, vs. trading houses, and legacy sellers in an evolving global gas and LNG landscape.
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