Mid­dle East LNG ex­ports fall

Qatar Today - - BUSINESS > OIL GAS -

The Mid­dle East's to­tal share of LNG ex­ports fell slightly in 2014 to 40.3% from 41.5% a year ear­lier. While Qatar re­mains the world's largest sup­plier, its out­put fell by 2% to 76.4 mil­lion tonnes. Ex­ports from Oman and Ye­men fell by 7.4% and 8.1% y-o-y re­spec­tively, more than off­set­ting a near 20% rise in ex­ports from Abu Dhabi, Emi­rates NBD says in a re­port.

LNG trad­ing re­mains dom­i­nated by long-term con­tracts (more than four years) but spot and short-term deals have been on the rise. Spot mar­ket trans­ac­tions took nearly 29% of to­tal global trade in 2014 com­pared with 27% in 2013. Qatar was the largest sup­plier of spot sup­plies with Al­ge­ria and Ye­men also pro­vid­ing sig­nif­i­cant vol­umes, the re­port adds.

Newspapers in English

Newspapers from Qatar

© PressReader. All rights reserved.