• Global Gas Analytics
  • Analysis & Forecasts

Middle East & Africa Price trends

November 2018

High LNG prices will continue to deter demand for the fuel among key MEA consumers.

LNG imports have become expensive for customers in the MEA region as a result of high oil prices, with most of their LNG purchases being under oil-indexed contracts. Spot LNG prices have risen in tandem with contract prices, and rising shipping costs are also adding to prices. The higher prices are partly responsible for the region’s falling demand for LNG.

The MEA’s spot LNG price for H2 2018 delivery has averaged around...