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Middle East & Africa - Price trends

Natural gas analysis & forecasts February 2019

Weak demand and healthy supplies will put spot LNG prices in the MEA under further pressure between March and May.

Spot LNG prices in the MEA have moderated in tandem with Asian spot prices. However, sharply falling demand for LNG in the MEA, together with increasing exports from regional suppliers such as Nigeria and Egypt, will put further pressure on prices. The spot LNG price for Q1 2019 delivery in the MEA has averaged $8.2/MMBtu, lower than the average delivered prices of $10.3/MMBtu and $9.6/MMBtu in...