Supply & Demand

Brighter prospects in store for MEA’s LNG exports

LNG supplies from the Middle East and Africa are set to increase over the coming years as countries in the region strive to defend their market shares amid growing competition LNG supplies from the Middle East and Africa are set to increase over the coming years as countries in the region strive to defend their market shares amid growing competition.
By Abhishek Kumar 20 April 2018 0 30505
A drilling rig in the Khazzan gas field, Oman LNG suppliers in the Middle East and Africa are becoming more aware of the intensifying competition and are taking steps to counter it. (BP plc)

LNG producers in the Middle East and Africa (MEA) intend to further consolidate their positions in the global market amid rising competition from the likes of Australia, Russia and the United States. The MEA accounts for almost half of the world’s LNG supplies, but defending that position will not be easy. Several countries in the region are boosting their export capacities, but contractual flexibility will remain key if they are to fend off their competitors.

Maintaining a reputation as a reliable supplier will be paramount as...