Middle East & Africa Price trends
July 2018
Asia and Latin America will remain favourable destinations for Qatari LNG shipments in Q3 2018.
Better netbacks will mean more Qatari LNG will go to Asia and Latin America than to Europe. Summer demand in Northeast Asia will support the region’s LNG intake during July and August. Meanwhile, harsh winter in Argentina has prompted the country to buy more Qatari spot cargoes. Consequently, netbacks to Qatar have averaged $9.2/MMBtu from Asia and $7.7/MMBtu from Latin America so far in Q3 2018. This compares with an average...