Five Gas Projects to Watch in Africa in 2024

Five Gas Projects to Watch in Africa in 2024
Boasting abundant natural gas resources and an immense potential in human capital, there are several large Liquefied Natural Gas (LNG) projects currently in development in Africa. Upcoming LNG projects on the continent will be instrumental in spearheading Africa’s LNG export capacity, driving domestic electrification and resource monetization.

Greater Tortue Ahmeyim LNG Project:

Development of the first phase of the Greater Tortue Ahmeyim (GTA) LNG project is nearing completion, with project partners targeting the commissioning of liquefaction vessels by Q1 2024 while first gas is expected for Q3. Straddling the maritime border between Senegal and Mauritania, the first phase of the GTA LNG project will yield 2.3 million tons of natural gas annually, with subsequent phases poised to increase production to 6 million and 10 million tons per year, respectively.

Yakaar-Teranga Conventional Gas Field:

Situated in ultra-deepwater in Senegal, Phase 1 of the West African country’s flagship Yakaar-Teranga is expected to start commercial production in 2026. The project will target 25 trillion cubic feet (tcf) of natural gas, which will be used to drive electrification. The development plan for the project will involve 550 million cubic feet per day of gas production, the majority of which will be exported to international markets via a floating LNG vessel.

BirAllah Conventional Gas Field:

The BirAllah Conventional Gas Field, situated offshore Mauritania, is currently in its feasibility stage and expected to start commercial production in 2028, with the Final Investment Decision (FID) poised to be approved in 2025. With production forecast to peak in 2030, the project will target 13 tcf of natural gas in Mauritania’s offshore Block C8 at a depth of 2,500m.

Tanzania LNG Terminal:

The Tanzania LNG terminal is a proposed LNG terminal set for development in the East African country’s Lindi Region. With a pre-FID slated for 2025, and at an estimated cost of $42 billion, the project will unlock Tanzania’s vast but remote offshore gas resources. The capacity of the proposed facility is expected to be a minimum of 10 million tons per year for export to international markets, while 10% will be reserved for domestic use.

Rovuma LNG Project:

Spearheaded by oil and gas majors Eni and ExxonMobil, the Rovuma LNG terminal is a proposed LNG terminal in Cabo Delgado Province, Mozambique. The project, which will produce 7.6 million tons of LNG per year, will be key to developing a series of large fields discovered in the southern African country’s Rovuma basin. An improved security situation in the province has led to an estimated 2024 completion for the Front-End Engineering and Design process, while the project is expected to come online between 2027 and 2028.

What's Your Reaction?

like
0
dislike
0
love
0
funny
0
angry
0
sad
0
wow
0