LNG Boom: Middle East & Africa - New LNG Trade, Issues and Impacts
Article from: OGEL 1 (2006), in Liquefied Natural Gas (LNG)
Summary
LNG is booming worldwide, and in the Middle East and Africa in particular. The Middle East and Africa region is predicted to become the largest LNG exporter region by the end of this decade with Qatar displacing Indonesia. Most of the expansion and new projects in the region are targeting the U.S, and European markets. Long term contracts will continue to dominate the LNG trade. However, buyers have demanded and secured more flexibility in new GSPA contracts. Currently the LNG market is still fragmented, and consists of several regional markets although ...