{"id":5495,"date":"2019-12-04T09:12:13","date_gmt":"2019-12-04T06:12:13","guid":{"rendered":"https:\/\/www.muhunda.co.tz\/?p=5495"},"modified":"2019-12-04T09:17:17","modified_gmt":"2019-12-04T06:17:17","slug":"natural-gas-africa-could-provide-20-of-global-needs-by-2025","status":"publish","type":"post","link":"https:\/\/www.muhunda.co.tz\/?p=5495","title":{"rendered":"Natural gas: Africa could provide 20% of global needs by 2025"},"content":{"rendered":"<div class=\"ja-post-single-meta\">\n<p><strong>Th\u00e9au Monnet\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 <\/strong>3 December 2019<\/p>\n<\/div>\n<p><img decoding=\"async\" src=\"https:\/\/www.theafricareport.com\/media\/2019\/12\/Screen-Shot-2019-12-02-at-17.36.49-e1575372948148-732x419.png\" \/><\/p>\n<div class=\"ja-post-single-thumbnail\">\n<figure><img fetchpriority=\"high\" decoding=\"async\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" src=\"https:\/\/www.theafricareport.com\/media\/2019\/12\/Screen-Shot-2019-12-02-at-17.36.49-e1575372948148-732x419.png\" sizes=\"(max-width: 732px) 100vw, 732px\" srcset=\"\/media\/2019\/12\/Screen-Shot-2019-12-02-at-17.36.49-e1575372948148-732x419.png 732w, \/media\/2019\/12\/Screen-Shot-2019-12-02-at-17.36.49-e1575372948148-300x172.png 300w, \/media\/2019\/12\/Screen-Shot-2019-12-02-at-17.36.49-e1575372948148-456x262.png 456w, \/media\/2019\/12\/Screen-Shot-2019-12-02-at-17.36.49-e1575372948148-342x196.png 342w, \/media\/2019\/12\/Screen-Shot-2019-12-02-at-17.36.49-e1575372948148.png 767w\" alt=\"\" width=\"732\" height=\"419\" \/><figcaption>After a relatively quiet decade, African natural gas exports have a bright future ahead, thanks in particular to the huge investments made in Mozambique. In its latest report, the African Energy Chamber provided an update on the major projects announced.<\/p>\n<\/figcaption><\/figure>\n<\/div>\n<div class=\"u-format\">\n<p>In its\u00a0<a href=\"https:\/\/energychamber.org\/\">latest report<\/a>\u00a0on Africa\u2019s energy outlook for 2020, the African Energy Chamber, an inter-professional grouping of energy and mining companies in Africa, focuses in particular on the export potential of African natural gas, whose exports in liquefied form will increase significantly.<\/p>\n<p>The\u00a0<strong>gigantic discoveries<\/strong>\u00a0made over the past decade in\u00a0<strong>Mozambique, Tanzania, Senegal and Mauritania<\/strong>\u00a0have revealed a total of 200 trillion cubic feet (Tcf) of gas reserves, enough to supply two-thirds of current world demand for 20 years. In addition, there are 200Tcf of proven reserves in Nigeria.<\/p>\n<ul>\n<li>In 2018 sub-Saharan Africa provided 10% of the global production of liquefied natural gas (LNG), equivalent to 28 million tonnes per year (mtpy).<\/li>\n<li>Analyst Akap Energy forecasts that by 2025 this African production capacity will have increased by 150% to reach 84 mtpy.<\/li>\n<li>That is 15 to 20% of the world market.<\/li>\n<\/ul>\n<p>Such growth will depend on investment of more than $75bn, two-thirds of which will be injected into Mozambique.<\/p>\n<p>This prospect is made possible by the fact that, after a decade in which there was a shortage of major investment projects, African gas is attracting new interest from international majors such as Total, ExxonMobil and Shell.<\/p>\n<ul>\n<li>The main investments are concentrated on the east coast of the continent, due to the proximity of production areas to major Asian import markets, despite the high costs involved.<\/li>\n<\/ul>\n<h3>Floating liquefaction plants<\/h3>\n<p>The $50bn to be committed to Mozambican LNG between 2017 and 2025 by Exxon and Anadarko (currently being acquired by Total) is proof of this.<\/p>\n<p>These LNG projects are also rapidly mobilising significant financing, such as the Senegalese-Mauritanian offshore gas field project at Grand Tortue, discovered in 2015, which could come on stream in 2020, the report says (but in 2022 according to our information) thanks to a $10bn investment from BP and Kosmos Energy.<\/p>\n<p><strong>Finally, while investments are less significant,<\/strong>\u00a0countries with insufficient reserves to install onshore power plants, such as Cameroon, Ethiopia and Equatorial Guinea, are committing to the use of floating liquefaction plants, with production start-ups announced as early as 2020.<\/p>\n<p>More Info\u00a0<a href=\"https:\/\/www.theafricareport.com\/20712\/natural-gas-africa-could-provide-20-of-global-needs-by-2025\/\">Africa could provide 20% of global gas needs by 2025<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Th\u00e9au Monnet\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 &hellip; <a href=\"https:\/\/www.muhunda.co.tz\/?p=5495\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Natural gas: Africa could provide 20% of global needs by 2025<\/span> <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-5495","post","type-post","status-publish","format-standard","hentry","category-dse-stocks-bonds"],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/www.muhunda.co.tz\/index.php?rest_route=\/wp\/v2\/posts\/5495","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.muhunda.co.tz\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.muhunda.co.tz\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.muhunda.co.tz\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.muhunda.co.tz\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5495"}],"version-history":[{"count":0,"href":"https:\/\/www.muhunda.co.tz\/index.php?rest_route=\/wp\/v2\/posts\/5495\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.muhunda.co.tz\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5495"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.muhunda.co.tz\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5495"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.muhunda.co.tz\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5495"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}