Middle East & Africa: Price trends

June 2017

Algeria will keep trying to send LNG to Europe, partly because of higher netbacks from Europe compared with Asia.

Although most of Algeria’s LNG is sold under long-term contracts with European customers, in 2016 the country sold just over 15% of its LNG on the spot market or under short-term contracts. Meanwhile, the country is also negotiating its long-term deals as all of them are due to expire by 2022, and is likely to offer more flexible terms (see Algeria’s gas trade hinges on contract flexibility, 23 March 2017).