LNG Market Faces Considerable Demand Upside Amid Low Prices

New LNG importers such as Egypt, Jordan, Pakistan and Poland will play an increasing role in bolstering LNG demand this year, adding between them 15mn tons/year of import capacity. Only a few firm supply contracts have been signed by these countries, meaning there remains considerable upside demand potential, as highlighted by a recent report by the International Gas Union (IGU).

Egypt is leading the pack in the MENA region, in the face of renewed supply shortages (see p6). It plans to hold a new $3bn tender this month for more LNG shipments via its floating storage and regasification unit at the Red Sea port of Ain Sukhna (MEES, 29 May).


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