Egypt couldn’t get enough natural gas, before COVID-19 intruded, to fire its power turbines, feed its methanol plants and heat the boilers in its industries.
A 30 Trillion cubic feet (30Tcf) discovery, made five years ago, in 2,000 metres of water, is already producing over 2Billion cubic feet a day for the local economy.
That kind of absorptive capacity is not comparable with anywhere else in Africa.
South Africa is a potentially large market for gas, but we won’t find out until the country, boldly takes actions, to invite inward investment that allow natural gas inflow into the economy.
That not many countries in Africa can consume even midsize volumes of these light hydrocarbon molecules, is the reason why the continent’s highly populated countries are forever scurrying around the globe looking to export either by LNG or piped gas.
We’ve been tracking the domestic gas markets all over Africa for over five years and what we get is creeping increases, not a surge.
Construction is underway at the 13Million Tonnes per Annum (MMMTPA) Mozambican LNG, the 8MMTPA Nigerian LNG Train 7 and the 600MMscf/d ANOH gas projects, because the Financial Investment Decisions were taken on these projects last year.
We are inclined to single out the ANOH project for salutation because it is dedicated to the domestic market, but pulling off the deals for those two large LNG projects are also, in themselves, the stuff of true grit.
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