Middle East & Africa: Trade

October 2016

The glut in the LNG market is increasing the challenges for Angola and Egypt.

The 5.2 mtpa Angola LNG plant resumed exports in September following scheduled maintenance. The plant exported a spot cargo to Brazil in September and has issued tenders for two more cargoes since then. However, finding new buyers will be a struggle as Latin American demand is declining and competition remains tough from existing suppliers.

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