Natural gas & LNG

Middle East & Africa June 2019

Regional analysis & forecasts
Economic overview

Geopolitics will remain a hurdle to energy-related investment in the Middle East and North Africa (MENA).

The International Monetary Fund (IMF) has cut its economic growth outlook for the MENA region. The agency now expects the region’s GDP to grow by 1.3% on an annual basis in 2019, lower than its previous forecast of 2.5%. The impact of sanctions imposed by the United States on Iran, Turkey’s ongoing economic woes and Qatar’s political tensions with some of its Gulf neighbours have all contributed towards the downgrade.