Following the news that Eni has signed a liquefied natural gas (LNG) supply agreement with Nigeria LNG; Cao Chai, Upstream Analyst at GlobalData, a leading data and analytics company, offers her view on the LNG projects currently in development in Africa.
“Africa is aggressively moving forward with securing its share of the global LNG industry. With the announcement of the long-awaited final investment decision on Nigeria LNG Train 7 just before 2020, Africa is expected to have a total liquefaction capacity of approximately 44 metric tonnes per annum (mtpa) by the mid-2020s,” Chai said.
“Nevertheless, the progression and delivery of the planned and announced LNG projects are dependent on the field development costs, fiscal terms, political and security risks.”
“While positive signs reflect progress with projects in some countries such as greenfield onshore LNG projects in Areas 1 and 4 of Mozambique, cross border Tortue FLNG in Senegal and Mauritania and the expansion of Nigeria LNG Train 7, massive delays are observed in Sub-Saharan Africa’s other major planned and announced LNG projects and not all of these developments can move forward.”
... to continue reading you must be subscribed
