Middle East & Africa Price trends

March 2017

Turkey will lean more heavily on spot LNG purchases during the shoulder months because of low spot prices.

Turkey has paid an average of just under $6/MMBtu for spot LNG for April delivery, lower than the $6.8/MMBtu average for March delivery. This has prompted it to increase the uptake of LNG under short-term contracts and on the spot market.

Turkey imported 1.2 mt of LNG in February, almost 44% of which was taken under short-term contracts or from the spot market. Turkey paid an average of $8.3/MMBtu...

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