Directional impact on forecast:
Downbeat on Qatar’s LNG exports to MEA
Qatar’s swiftly deteriorating relations with the United Arab Emirates and Egypt are already denting the appetite for its LNG among consumers in the Middle East and Africa (MEA). Saudi Arabia, the UAE, Bahrain, Egypt, Libya and Yemen have severed their diplomatic and trade relations with Qatar, blaming Doha for destabilising the region by promoting what they regard as terrorist organisations such as the Muslim Brotherhood, Islamic State and al-Qaeda. While Qatar has said it regrets the decision – calling it unjustified and baseless – the diplomatic fallout could spread to the region’s other LNG importers – Kuwait, Jordan and Turkey.
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