African LNG news

The companies have signed an MoU with the aim of establishing LNG bunkering services in Egypt Mediterranean, the Suez Canal, and the Red Sea.

An average of 49.0 billion ft3/d of LNG was traded globally during 2021, an increase of 2.2 billion ft3/d from 2020, according to The LNG Industry GIIGNL Annual Report 2022.

Asia is set to continue to dominate the global LNG regasification capacity additions, contributing approximately 75% of the total LNG liquefaction capacity additions between 2022 and 2026.

In light of this year’s MSGBC Oil, Gas & Power Conference & Exhibition, Energy Capital & Power looks at the six LNG projects to watch across West Africa.

Asia is expected to contribute approximately 27% of the total global small scale LNG liquefaction capacity additions by 2026 according to GlobalData.

They signed a letter of intent to increase gas production and export, primarily through the development of an LNG project expected to start-up in 2023.

Saipem has been awarded a new contract for maintenance services in Mozambique by Coral FLNG S.A., worth approximately US$150 million.

With a 40% working interest in the area, the discovery is substantial for the company, outlining a positive outlook for the future of LNG in Namibia and South Africa.

NFE will deploy its liquefaction technology to produce LNG in the Atlantic coastal basin offshore Mauritania.

The FLNG facility is to be moored in the Rovuma basin offshore of Mozambique.