Skip to main content

Platts launches Middle East LNG price marker

Published by
LNG Industry,

Reuters are reporting that commodity pricing agency S&P Global Platts will begin assessing prices for LNG delivered to the Middle East and Pakistan, reflecting growing imports into a region better known as an exporter.

Demand for LNG in Dubai, Egypt, Jordan, Kuwait and Pakistan has grown by almost ten times since 2010, with Egypt taking about one-third of those imports.

Egypt and Pakistan have recently launched or awarded huge tenders for short-term and medium-term supplies, looking to take advantage of a gas glut stoked by new output from Australia and the United States.

Egypt bought 60 cargoes of the supercooled fuel for 2017 through a tender last November and is expected to need a further 40 cargoes this year.

Pakistan tendered to buy 240 shipments of LNG last November, under five-year and 15-year deals that are yet to be awarded.

Read the article online at:

You might also like

Kabel Schlepp

WEBINAR - Key criteria to ensure proper selection of a cable drag chain

In this webinar KabelSchlepp will review and discuss the items needed to ensure that a cable track is properly selected and sized for the user’s application. How diameters and weights of the fill package effect cable track selection and how the jacket material of the fill package influences the cable track design. Register for free today »


Gazprom to pursue LNG over shale gas

Gazprom has decided to focus on LNG over shale gas moving forward, in light of the projected global growth prospects of both industries.


Embed article link: (copy the HTML code below):


This article has been tagged under the following:

LNG import news


LNG Industry is not responsible for the content of external internet sites.