A turning point for African gas? [Gas in Transition]
A turning point for African gas? [Gas in Transition]
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Natural Gas News
A turning point for African gas? [Gas in Transition]
Summary
Production growth is poised to accelerate, according to the IEA, but demand will not keep up, as some output growth is in potential new markets, affected by high prices, and is export-orientated, while consumption growth in mature markets is slowing. [Gas in Transition, Volume 3, Issue 10] by: NGW
Growth in African natural gas production is set to accelerate to 10% annually over the 2022-26 period, the International Energy Agency (IEA) reported in its medium-term gas outlook report, up from an average of 2.5%/year in 2011-21, on the back of a raft of new LNG projects. However, the Paris-based organisation is less bullish in its demand forecast, projecting annual growth of only 3%, hindered by high prices and the fact that expected output growth is mostly export-orientated, in countries with under-developed gas markets, while demand growth in well-established markets is slowing. Africa is home to close to one-fifth of the global po...
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Natural Gas & LNG News, Africa, Insights, Premium, Gas In Transition Articles, Vol 3, Issue 10
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