A new liquefied natural gas project off Africa's western coast may only be 80% complete, but already the prospect of a new energy supplier has drawn visits from the leaders of Poland and Germany.
The initial field near Senegal and Mauritania’s coastlines is expected to contain about 15 trillion cubic feet of gas, five times more than what gas-dependent Germany used in all of 2019. But production isn't expected to start until the end of next year.
Nigeria has Africa’s largest natural gas reserves, said Horatius Egua, a spokesman for the petroleum minister, though it accounts for only 14% of the European Union’s imports of liquefied natural gas, or LNG, that comes by ship. Projects face the risk of energy thefts and high costs. Other promising countries like Mozambique have discovered large gas reserves only to see projects delayed by violence from Islamic militants.
While an earlier agreement allowed Italy's biggest energy company to start production at two Algerian gas fields this week, it wasn't clear when flows would start from the July deal because it lacked specifics, analysts said. “Russia has an annual production of 270 billion cubic meters — it’s huge," Kaoubi said. “Algeria is 120 billion cubic meters, of which 70.50% is intended for consumption on the internal market."
Prime Minister Mostafa Madbouly says Egypt hopes to bring in an additional $450 million a month in foreign currency by rerouting 15% of its domestic gas usage for export, state media reported. A proposed 4,400-kilometer-long pipeline that would take Nigerian gas to Algeria through Niger has been stalled since 2009, mainly because of its estimated cost of $13 billion.
المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين
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