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    Reuters: Africa to Overtake U.S. in Meeting LNG Trade Growth - IEA

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Summary

The International Energy Agency predicts Nigeria, Algeria, Equatorial Guinea will export more LNG than the U.S. thanks to Mozambique & Tanzania discoveries

by: Erica Mills

Posted in:

Press Notes, Africa

Reuters: Africa to Overtake U.S. in Meeting LNG Trade Growth - IEA

African seaborne gas exports will play a bigger role in meeting global LNG trade growth than the United States, whose supply will be capped by mass domestic switching from coal to gas-fired power generation, the West's energy watchdog said on Wednesday.

Africa's LNG exporters in Nigeria, Algeria and Equatorial Guinea are set for a new supply wave coming from major new discoveries off the coasts of Mozambique and Tanzania, home to some of the biggest discoveries in a decade.

 

Read the article HERE.