Middle East & Africa: Trade
The MEA’s dependence on gas and LNG imports is set to increase over the summer as there has been limited growth in the region’s gas production.
The six LNG importers in the region – Israel, Kuwait, the UAE, Turkey, Egypt and Jordan – purchased 2.1 bcm of gas as LNG in February 2016, much more than 1.1 bcm imported in February 2015. Turkey imported the most, but Egypt and Jordan also took large volumes. The three countries are expected to import substantial quantities of LNG in the coming months as weather-related demand grows. GGA expects regional LNG imports to increase by 75% on an annual basis in H1 2016, to 13.5 bcm.