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Markets & Forecasts

MEA’s enthusiasm for FSRUs fizzling out

The number of operational FSRUs in the MEA is set to fall sharply over the coming years because of growing gas production, geopolitics and cost considerations The number of operational FSRUs in the MEA is set to fall sharply over the coming years because of growing gas production, geopolitics and cost considerations.
By Abhishek Kumar 21 December 2018 Middle East & Africa / LNG 0 33759
Geopolitics and LNG prices will also affect the use of FSRUs over the coming years. (Wikicommons)

Falling LNG demand in the Middle East and Africa (MEA) will deter the region’s interest in floating regasification solutions, and the initial signs of this have already started to emerge. The MEA has often been portrayed as a potential market for FSRUs, not least because all six LNG-importing countries in the region use the technology. Nevertheless, the MEA’s support for FSRUs is set to lessen as several regional buyers are working aggressively towards becoming self-sufficient in gas. Geopolitics and the price-sensitivity of importers will also...