East Africa LNG Market: Industry Analysis and Forecast(2022-2030)

There has been a series of world-class natural gas discoveries in deep water off Tanzania and Mozambique in the last ten years.

Exploration success has raised Tanzania’s profile as a potential supplier of LNG to Asian markets, along with neighboring Mozambique.

With over 214 trillion cubic feet(tcf) of proven natural gas reserves – East Africa has been touted as the next great LNG player.

Of those 214 trillion cubic feet of natural gas, 150 trillion cubic feet were discovered in Mozambique, and the remaining 57 trillion were discovered in Tanzania.

Europe’s interest in African oil and gas in its plan to diversify the suppliers away from the Russian supplier as a consequence of the Russian-Ukrainian war. African LNG will continue to increase in the rest of 2023 and the coming years.

LNG demand is anticipated to grow gradually, with a supply-demand gap expected to develop by 2025.

However, bringing the rest of the new projects onstream will take time, and building all these new onshore and offshore LNG plants.

Forexample, the final investment decision (FID) of long-awaited Tanzania liquefied natural gas(LNG)project is expected in 2025, with the front-end engineering and design (FEED) phase preceding FID. The LNG will be developed in the Lindi, south of the country. And Construction time will likely be five to six years, suggesting the large-scale project could come on-stream around 2030.

Eni’s Marine XII project will not reach its total capacity of 3 million tonnes per year until late 2025.

TotalEnergies of France is not likely to begin commercial operations on the Mozambique LNG project before 2025, and the U.S. giant ExxonMobil will need even more time to launch its Rovuma LNG project in Mozambique since it has yet to reach the FID stage.

The report aims to give you a deeper, more complete understanding of the African LNG market dynamics and structure by analyzing the market segments and projecting the East Africa LNG market size.