US backs new MENA supply growth, official says

06/23/2014
The US recognizes there are many important oil and gas opportunities in the Middle East and North Africa (MENA), Persian Gulf, and Eastern Mediterranean, and intends to ensure they are cooperatively developed in ways that benefit all people in the countries involved, a US Department of State official told a US House subcommittee. Dramatic shifts in supply and demand worldwide mean the US "can and should continue to play a role in ensuring the stable and reliable flow of energy resources to all consumers," Amos J. Hochstein, deputy assistant secretary for energy diplomacy at DOS's Bureau of Energy Resources, told the Foreign Affairs Committee's Middle East and North Africa Subcom...
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