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Markets & Forecasts

MEA LNG imports facing sharp downturn

The Middle East and Africa’s declining LNG demand is defining a new norm in the global LNG trade, which will be a concern for key suppliers of the fuel The Middle East and Africa’s declining LNG demand is defining a new norm in the global LNG trade, which will be a concern for key suppliers of the fuel.
By Abhishek Kumar 29 October 2018 Middle East & Africa / LNG 0 33084
The Mina Al-Ahmadi terminal, Kuwait. (KPC)

Directional impact on forecast:
Downbeat for MEA’s LNG demand

The Middle East and Africa (MEA) region’s LNG market is undergoing structural changes that have manifested as a sharply falling demand for the fuel – a trend that is set to continue in 2019. The MEA’s importers are grappling with high LNG prices despite increasing supplies from the United States, Australia and Russia combined with the prospect of additional capacity coming online over the coming years. This has prompted debate on whether LNG imports...