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