Review of the Petroleum Industry Act 2021 Milestones of the
$10 Billion NLNG Train 7 project
As the demand for LNG rises, will the pending LNG projects in Africa rise to provide the shortfall of LNG required by the world at large?
More than 30 LNG cargoes are now cruising in the Atlantic towards North West Europe and the Mediterranean for an overall tonnage likely to exceed 2 million metric tons. Source ICIS.
One question arises, will the pending LNG projects in Africa rise to provide the shortfall of LNG required by the world at large?
With 6 #LNG producing countries in Africa + 26Trains + 46 MTPA of LNG = #AfricanLNG
#LNG companies in Africa, may have the potential to meet growing demand for LNG by utilising Small Scale LNG projects and Floating LNG vessels as a gas monetisation strategy. As it stands, LNG demand in the world, is estimated to hit 700 million tonnes per annum of LNG by 2040.
In this update , Megathos Law Practice gives a snapshot of the $10 Billion NLNG Train 7 project, to give a faint idea of the potential of LNG in Africa. Review of PIA 2021_$10 Billion NLNG Train 7 project milestones _MLP
To learn more about LNG Business Opportunities in Africa, please click on this link: https://megathoslaw.com/nigeria-lng-snapshot/
Please get in touch via www.megathoslaw.com , to order your hard copy, of the “Megathos Law Practice LNG Business Opportunities Handbook” and book a virtual session for your team.