FID delays boost Mena LNG export chances
Projects pushed back or cancelled elsewhere could offer opportunities for the region’s gas producers
Holders of Mena gas reserves have had a relatively good year, despite the coronavirus pandemic cratering global demand and prices for a large portion of its course. So says Noel Tomnay, head of Emearc gas and LNG consulting at researcher Wood Mackenzie. “European and Asia prices are back to c.$5.50/mn Btu, [and] there are expectations of very limited curtailments of US LNG this winter. In many ways, the LNG market is back to where it was pre-Covid,” he told Petroleum Economist’s LNG to Power Emea virtual forum in early November. And, in the longer term, delays and cancellations to planned LNG liquefaction projects elsewhere will play to the advantage of any regional ambitions to increase exp
Also in this section
3 December 2024
Papua New Guinea’s LNG sector appears to be back on track, with other projects in the pipeline
2 December 2024
Crucial role of gas means country is laying the foundations to control physical and trading supply chains
30 November 2024
Decades of turmoil have left Iraq’s vast energy potential underutilised, but renewed investment and strategic reforms are transforming it into a key player in the region
29 November 2024
Although Iraq remains a major crude exporter, it is still some way from becoming a regional energy supply hub. Ambitious new cross-border schemes aim to rectify that situation
