• Global Gas Analytics
  • Analysis & Forecasts

Middle East & Africa Price trends

October 2017

Rising LNG exports from West Africa will cap gains in spot LNG prices over the coming months.

An oversupplied LNG market is prompting the three West African LNG exporters – Nigeria, Equatorial Guinea and Angola – to trade more of their shipments on the spot market. The three countries together exported 21.91 mt of LNG in 2016, of which 63.5% was traded on the spot market or under short-term contracts. The share of spot transactions is set to increase in 2017 as countries such as Australia...