Natural Gas Demand Rise in Africa Sparks $61 billion in LNG Projects

Researched by Industrial Info Resources (Sugar Land, Texas)--African nations are expected to use more natural gas for power generation and other sectors, which is driving capital expenditures for LNG processing, storage and distribution. Both LNG export and import projects are on the books. Industrial Info is tracking 41 capital projects, worth $61.24 billion, in Africa that are for liquefied natural gas (LNG) liquefaction, regasification terminals and associated infrastructure. In terms of investment, Mozambique is responsible for the majority of the spend, followed by Nigeria.

Click here for a list of related projects, and see graph below for a breakdown by country.



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