02 Jun, 2026

Regional Electricity Market for the Middle East: From Interconnections to Markets Along the IMEC Axis


This Policy Brief focuses on energy security, which is a national priority across the Middle East, although the region’s technical readiness for cross-border electricity trade remains vastly underutilised. It highlights electricity-based interconnection networks across the Middle East portion of the India-Middle East-Europe Economic Corridor (IMEC) axis – the Gulf Cooperation Council region, the Mashreq, the Levant, and the East Mediterranean – pointing out that while natural gas currently dominates regional electricity generation, 70% of the region’s total, hydrogen is a core component of IMEC’s broader vision. It argues that a phased, bilateral approach, beginning with high-voltage direct current (HVDC)-based interconnections and long-term Power Purchase Agreements (PPAs), offers a pragmatic, politically feasible path toward a regional electricity market with substantial energy security, geostrategic and economic benefits.

Publication Details

  • Author
    Dr Mohamed Al Zarouni, Gary Soleiman and Nick Butler
  • Type
    Other
  • Tags
  • Download

© 2026 All Rights Reserved. Anwar Gargash Diplomatic Academy.