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Natural gas & LNG

Middle East & Africa December 2019

Regional analysis & forecasts
Economic overview

Iran’s deteriorating relations with the West will be a concern for the gas sector of Middle East and Africa (MEA).

United States sanctions are taking their toll on the economy of Iran, which is also the MEA’s biggest gas producer and consumer. In 2015, Tehran agreed a deal with the US, UK, France, China, Russia and Germany – also known as P5+1 – to curb its nuclear activities in return for the lifting of economic sanctions. However, US President Donald Trump unilaterally withdrew his country from...