An FLNG unit in action
African LNG growth could come too late to cash in
Can new capacity come online soon enough to capitalise on elevated prices?
Global competition for limited LNG supplies and the resulting high prices continue to encourage development of new projects in Africa. The gas-rich continent, with vast potential for exports, has a number of important projects in the works at various stages of development—notably in Senegal, Mauritania, Mozambique, Nigeria, Congo-Brazzaville and Gabon. But uncertainty persists over how quickly the new capacity can be brought online and whether key projects can start production ahead of an expected global glut in LNG supply towards the end of this decade. The 2.3mn t/yr Greater Tortue Ahmeyim LNG project straddles the maritime boundary between Senegal and Mauritania and is the largest African
Also in this section
24 January 2025
Domestic companies in Nigeria and other African jurisdictions are buying assets from existing majors they view as more likely to deliver production upside under their stewardship
23 January 2025
The end of transit, though widely anticipated, leaves Europe paying a third more for gas than a year ago and greatly exposed to supply shocks
23 January 2025
The country’s government and E&P companies are leaving no stone unturned in their quest to increase domestic crude output as BP–ONGC tie-up leads the way
22 January 2025
The return of Donald Trump gives further evidence of ‘big oil’ as an investable asset, with the only question being whether anyone is really surprised
