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Page added on December 4, 2019

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Africa To Supply Big Chunk Of Global Natural Gas By 2025?

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Africa could provide as much a fifth of global demand for liquefied natural gas by 2025, up from 10% in 2018, due to huge investments in the sector and some recent major discoveries.

The African Energy Chamber, a group of energy and mining companies in Africa, reported recently massive discoveries in Mozambique, Tanzania, Senegal and Mauritania have aggregate reserves of 200 trillion cubic feet of gas reserves – an amount sufficient to supply two-thirds of current world demand for two decades. In addition, Nigeria alone possesses 200 trillion cubic feet of proven gas reserves.

African gas properties have received major investment interest from foreign energy firms like Total (TOT), ExxonMobil (XOM), Royal Dutch Shell (RDS-A) and others.

In September, Total purchased Anadarko Petroleum’s (APC) 26.5% stake in Mozambique’s liquefied natural gas project for $3.9 billion.

Exxon and Total will together spend $50 billion on this Mozambican project by 2025.

Reserves discovered in Mozambique are estimated to have at least 180 trillion cubic feet of natural gas.

Mozambique could potentially become the third largest global liquefied natural gas producer in the world by 2030, after Qatar and Australia.

“The availability of a new source of much needed natural gas and power will fuel the economic growth in Mozambique and the southern African region,” Total and its partners said in a joint statement.

On the west coast of Africa, BP (BP) and Kosmos Energy (KOS) have poured $10 billion into an offshore gas field project at Grand Tortue on the maritime border between Mauritania and Senegal. The field is expected to come onstream by 2022.

BP said this field has an estimated 15 trillion cubic feet of gas and a 30-year production potential.

PricewaterhouseCoopers reported natural gas will play an increasingly important role in global energy use as more countries move away from coal and oil dependency.

Natural gas, PricewaterhouseCoopers forecasts, become the world’s second leading fuel by 2030, supplanting coal.

Mozambique, one of the poorest nations on earth, is of particular importance due to its immense natural gas reserves.

GlobalData, a London data analytics and consulting company, reported Mozambique will become one of the 10 largest producers of liquefied natural gas in the world in the next few years.

“Within a few years, about 30 million tons per year will be extracted, due to existing deposits in the Rovuma basin, where 125 trillion cubic feet of natural gas have already been discovered,” GlobalData said.

However, as in much of Africa, Mozambique is beset by political turmoil and terrorism – and its promising energy sector remains vulnerable to violence.

Stratfor, an American geopolitical intelligence analysis firm, reported an ongoing Islamist insurgency in northern Mozambique poses a threat to multibillion-dollar oil and gas projects in the region.

“The unfolding insurgency in northern Mozambique could end up costing the government billions of dollars in oil and gas investments,” Stratfor wrote. “Foreign energy firms operating in the region are increasingly finding themselves caught in the crossfire of militant attacks.”

Such dangers, Stratfor proposed, “will undoubtedly force many to invest in extensive and costly security upgrades to protect their personnel and installations.”

Indeed, in February, a Mozambican worker was beheaded by jihadists when two road convoys operated by Anadarko were attacked in northern Mozambique.

Nick Branson, an analyst at the London consultancy Verisk Maplecroft, warned militants now possess the capacity to threaten liquefied natural gas operations on the mainland, raising investment and extraction risks.



155 Comments on "Africa To Supply Big Chunk Of Global Natural Gas By 2025?"

  1. JuanP is an idiot on Wed, 11th Dec 2019 12:41 pm 

    Waiting o know if juanPee has anything intelligent to say.?? Tic tick. Juanpee brain at least share what you learned in GED class on France. Do you know where France is on the map, stupid?

  2. Anonymouse on Wed, 11th Dec 2019 1:00 pm 

    While you can neuter the expcetionalturd Ombudsman, and we do, on a daily basis we do our best to clean up Davys stink, but it is a constant effort as he is still not been confined to a mental-health facility and continues to have un-restricted access to the internet.

    What you cannot do, is moderate something like the exceptional-turd because he is an extremist bully, liar and hypocrite of the 1st order. You cant moderate a goat-shitter like that. Neuter, sure, moderate?. Waste of effort to even try.

  3. annoymouse is and idiot on Wed, 11th Dec 2019 1:05 pm 

    Another stupid stalker. WTF have you said that is intelligent lately, annoymouse. LMFAO at the struggling to be an engineer fool.

  4. Anonymouse on Wed, 11th Dec 2019 1:46 pm 

    Sorry butt-face, but you seem to have me confused with someone else. Like your jewish pal, kloggedrectum. You know, the REAL failed engineer. He actually told you he was an engineer of some description and you latched onto that for a time, but switched it over to me for…..some reason. Maybe because your delusional and more than a little stupid???? I never claimed I was an engineer, but you know that already dumbass.

    Now I know you dont have a lot going on upstairs exceptionalturd, and have to struggle to come to grips with, well, reality, but try to remember who is who around here.

    Here is a reference key I put together just for you to refer to if(when) you get confused (again).

    Davytard > Resident stalker, socker, delusional bully, liar and all around lunatic.
    (look in mirror if you have any still intact in your cabin).

    KloggedRectum > Fraud and FAILED ENGINEER. Oh, he also claims he is a ‘certified physicist in addition.
    You could have some fun with that, if you could keep things straight in that pea-brain of yours. Which, evidently, you cannot.
    (Can be found on PO.com at pretty much all hours-sound familiar?)

    P.S. dont forget to claim I’m ‘so triggered’, and that you win again. Dont forget to LOL either.

    Dumbass.

  5. full woke supremacist muzzies jerk maximum newspeak i love cats i love every kind of cats i just want to hugs them cats but i cant hugs all cats. so anyways im a cat lover and i love to run sorry im being emotional im thinking about cats again on Wed, 11th Dec 2019 1:54 pm 

    REAL Green on Wed, 11th Dec 2019 7:07 am
    thanks supertard but i can’t process any more high English. It takes a lot of processing power and fill up memory in my head. Do me a favor and toss the poor dog a bone? Throw out some low English and I’ll comprehend it no problema, i promise

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