The latest LNG World Shipping infographic highlights how the Middle East and North Africa region has evolved from an export-dominated LNG market to become one of the world’s fastest-growing LNG-import markets. Egypt and Abu Dhabi, previously exporters of LNG, are now also regasifying cargoes. Jordan has joined the LNG importers’ club and established importers Turkey and Dubai are ramping up their volumes to meet growing energy demand.
The above map shows that new importers Bahrain and Sharjah will between them take in an additional 10 million tonnes a year (mta) of LNG, within a matter of years. Morocco may soon join the club, too. It wants to reduce its dependence on piped gas from Algeria and to diversify its energy mix. Rabat plans to build a 2 mta LNG-import terminal on Morocco’s Atlantic coast, near El Jadida. Last year, regional gas producers Qatar, Algeria, Abu Dhabi, Oman and Egypt shipped out 102.9 mta. The region imported 22.5 mta.
As foreseen, both imports and exports are set to grow, making the MENA region one of the most exciting LNG markets to watch.
Source: LNG World Shipping