• Global Gas Analytics
  • Analysis & Forecasts

Middle East & Africa Price trends

October 2018

LNG will remain expensive for MEA consumers over the coming months because of high oil prices.

Most LNG in the region is traded under oil-indexed long-term contracts, which makes LNG prices susceptible to changes in oil prices. Prices paid for spot LNG by regional consumers have risen in tandem with the rise in oil-indexed contract prices. This has happened despite the MEA’s rising exports of LNG and falling demand for the fuel.

GGA forecasts spot LNG prices for delivery between December 2018 and February 2019 will average...