The photo is sourced from cngvietnam.com
Implementation of these projects will raise the export potential of the region to 135.6 million tons of LNG per year, which is almost twice as high as the capacity of the projects available in North America (73.9 million tons per year).
Over half of the LNG production lines operating in the region are concentrated in Algeria (15 process lines with 29.3 million tons per year), Nigeria (seven lines with 23 million tons per year) and Egypt (three lines with 12.2 million tons per year). At the same time, Nigeria is the leader among the region’s countries building new capacities (one line for 8 million tons per year), followed by Mozambique (one line with 3.4 million tons per year), Mauritania (four lines with 2.5 million tons per year) and Morocco (one line with 0.1 million tons per year).
Most of these countries are also looking for investors for the projects already announced but for which a final investment decision has not been made yet. Nigeria has the most ambitious plans as it has planned ten more lines for 16 million tons of LNG per year in addition to one technological line under construction. In addition to the above-mentioned Mauritania and Mozambique, which have planned two additional lines with a total capacity of 7.5 million and 15.2 million tons per year, among such countries are also Equatorial Guinea and Cameroon with a total of three lines with 5 .7 million tons of LNG per year. Gabon, Guinea and Congo are also potential growth points where total capacity of the announced projects is 1.4 million tons of LNG per year.
The share of Africa in LNG global exports was 11.3% in 2021 according to the BP World Energy Review. The projects that are already underway could increase that share up to 15%, while commissioning of new capacities will make it easier for developing countries to get access to raw materials as these countries have to face problems with LNG import due to price race between Asia and Europe.
