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). (CONTINUED - 688 WORDS)
