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OPEC+ keeps more barrels off market in April
A fall in Venezuelan output drives overall production lower, as Saudi Arabia starts to slowly bring more crude to the market
LNG gets political
From China blocking US LNG to Trump demanding that various countries import more of the fuel, the politicisation of LNG is on the rise
Trump’s LNG metamorphosis
Fast-tracking US project approvals and increased trade pressures have already changed the LNG landscape since Trump came to office, with further transformation ahead
EU and UK look to security beyond gas
The scars of the Russia crisis have accelerated Europe’s push to wean itself off gas dependence as the growing globalisation of LNG becomes a double-edged sword
Power play signals change in Nigeria
With a new board appointed to lead NNPC and moves by President Tinubu to exert control in the Delta region, there is renewed hope the country will be able to turn the corner and rebuild production to former peaks
The many faces of China’s oil demand
While economic weakness and the electric vehicles trend have hit oil demand growth, petrochemicals and jet fuel show more nuanced changes across the barrel
Sasol delays South Africa’s ‘gas cliff’
The company will use methane-rich gas produced from local coal to temporarily replace lost supplies from Mozambique
Supercycle goes into reverse
Oil and gas prices could come crashing down, resurrecting ghosts of trade wars past
Sustained low oil prices could kill production for years
Modest downward revisions to 2025 supply belie the longer-term damage to E&P from a weaker oil market
Mozambique LNG financing cannot lift security gloom
Long-delayed prospects for onshore LNG production in Mozambique have improved thanks to US financing approval, but security challenges blight way ahead
An FLNG unit in action
LNG Markets Congo Gabon Nigeria Mozambique
Simon Ferrie
8 March 2023
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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

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