Natural gas & LNG

Middle East & Africa February 2019

Regional analysis & forecasts
Economic overview

Moderate oil prices will worsen the economic headwinds facing several countries in the Middle East and Africa (MEA) in 2019.

Oil exports are a vital source of revenue generation for key oil and gas producers in the MEA region – such as Saudi Arabia, Iran, Kuwait and Algeria. However, the Brent crude front-month futures price has averaged around $62 per barrel so far in 2019, much lower than the average of $71.5/bbl seen in 2018 and the high of around $86/bbl reached in the same year....