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Liquified natural gas : Africa could account for 15% of global LNG exports by 2050

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By 2050, Africa's share of global liquefied natural gas (LNG) exports could reach 15%, up from around 10% currently. This growth will be driven by major investments in projects located in Nigeria, Senegal, Angola, Mauritania, and Mozambique

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 According to the "Global Gas Outlook Report 2050" published by the Gas Exporting Countries Forum (GECF), global LNG demand is expected to remain strong, particularly in Asia, where energy needs continue to rise. Europe, which currently imports 64% of its LNG from Africa, is seeking to diversify its supply sources to improve energy security.According to projections, the global liquefied natural gas (LNG) market is expected to experience sustained growth over the next few decades, with Africa playing an increasingly important role in this dynamic.Furthermore, several African countries are seeking to better exploit their gas resources, which are still largely underutilized. This dynamic could alter trade flows. While Africa currently primarily supplies Europe, according to the report, an increasing share of its exports is expected to gradually shift towards Asia. Additionally, intra-African transactions are also expected to grow, reaching around 32 million tons by 2050. This development could play a key role in regional energy integration, improving access to gas for several countries on the continent.However, several challenges remain to be addressed to maximize the economic benefits of this evolution. It will be essential to accelerate infrastructure development, secure investments in the face of geopolitical risks, and strengthen local gas transformation to avoid excessive dependence on foreign markets.In this context, a country like Mozambique, for example, could become a key player, with a significant share of African exports. If current investments materialize, the country could establish itself as the world's fifth-largest LNG exporter, accounting for over 40% of African exports.The growth potential of African LNG is therefore considerable, but its realization depends on the ability of states and investors to overcome structural challenges and seize opportunities in the global market

 

 Christelle koambi

christelle
JESSICA CHRISTELLE KOAMBI
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