A new wave of liquefied natural gas (LNG) export capacity will hit the global market soon – and Africa could benefit. According to McKinsey Energy Insights, the supply of natural gas is set to increase by 40% by 2020.
Sub-Saharan Africa holds the highest potential to become a player in the market, with Côte d’Ivoire, Ghana and South Africa being the region’s most likely destinations for LNG. A study by BMI Research shows that integrated LNG-to-power projects will be an anchor for wider demand creation.
With plans already in place and an expected further growth within BMI’s 10-year forecast period, Côte d’Ivoire and Ghana have the most prospective markets for integrated LNG-to-power projects, as reported by Bloomberg. Meanwhile, South Africa’s Department of Trade and Industry has created a gas industrialisation unit as part of its gas-to-power programme – aimed at adding 3 126 MW of capacity between 2019 and 2025.
30 August 2016
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