Directional impact on forecast:
Bearish on spot LNG prices
The agreement between OPEC and some non-OPEC countries to cut oil output is proving to be a blessing in disguise for Nigeria, Equatorial Guinea and Angola – West Africa’s three LNG exporters. The production cap means Angola and Equatorial Guinea need less gas for enhanced oil recovery, which in turn has freed up more supplies for export as LNG. Meanwhile, a combination of the OPEC agreement and low oil prices has put the three...
Log in or register for a free trial to continue reading this article
Not a subscriber?
To access our premium content, you or your organisation must have a paid subscription. Sign up for free trial access to demo this service. Alternatively, please call +44 (0)20 3004 6203 and one of our representatives would be happy to walk you through the service.Sign up