Supply & Demand

MEA LNG suppliers pin hopes on Latin America

MEA LNG suppliers, led by Qatar, are taking steps to consolidate their positions in Latin America’s LNG market MEA LNG suppliers, led by Qatar, are taking steps to consolidate their positions in Latin America’s LNG market
By Abhishek Kumar 26 June 2017 0 26512
LNG tanker in Ras Laffin, Qatar. Qatar is the leading MEA LNG supplier to Latin America. (PA)

Directional impact on forecast:
Bearish on Latin America’s spot LNG prices

Latin America has become an attractive destination for spot LNG shipments from suppliers in the Middle East and Africa (MEA) – led by Qatar – and the trend is expected to continue over the coming months. While the move has reinforced Qatar’s strength as a swing supplier of LNG, it has further intensified competition among America’s three regional exporters – the United States, Peru and Trinidad & Tobago. However, Latin America will not...