Middle East Economic Survey

VOL. LI

No 32

11-Aug-2008

MEES Agenda

MENA LNG Production Limited By Rising Local Demand And Ageing Facilities

Global LNG demand is rising sharply, with industry analysts expecting consumption to exceed 500mn tons/year by 2030, compared with around 165mn t/y last year. According to BPs latest Statistical Review of World Energy, some 43% of this was supplied by LNG producers in the Middle East and North Africa, with their share of supply set to rise significantly as Qatar...