Middle East LNG exports fall
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.