Middle East & Africa: Trade
The end of the peak summer demand season in the MENA countries will support LNG exports from the region.
LNG exports from the MEA amounted to 11.34 mt in August, a year-on-year increase of 9.1%. Higher exports from Qatar, Nigeria, Algeria, Angola, Equatorial Guinea and Egypt accounted for the rise. GGA forecasts the region’s LNG exports will rise by 4% on an annual basis in 2017, to 132.6 mt. This in turn will contribute towards the global LNG oversupply.