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Algeria, Nigeria and Egypt are preparing to dominate the African natural gas market

Africa's natural gas supply is forecast to reach 25,5 billion cubic feet per day in 2023, up 1 percent from 2022


© Agenzia Nova - Reproduction reserved

Algeria, Nigeria and Egypt are poised to dominate the African natural gas market, according to a report released by the African Chamber of Energy. Over the period between 2023 and 2027, these three countries are expected to control the African natural gas and liquefied natural gas market (LNG).

According to forecasts, Africa's natural gas supply will reach 25,5 billion cubic feet per day in 2023, up 1 percent from 2022. “Algeria, Egypt and Nigeria are expected to deliver the most part of the natural gas supply, with an average of 80 percent of Africa's total gas coming from these three countries,” the analysis states. As for individual projections, Algeria is projected to grow from 10 bcf/d in 2023 to 11 bcf/d by 2027. Egypt is expected to remain stable at 6,25 bcf per day, while Nigeria is expected to range between 4,5 and 5,5 billion cubic feet per day.

The report also mentions other African countries that could emerge as major players on the natural gas market, such as the Mozambique, Tanzania, South Africa and in the Mauritania-Senegal area. Fields of production are being exploited are in the process of being developed also in Angola.

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© Agenzia Nova - Reproduction reserved


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