East Africa Risks Missing Natural Gas Boom
From Standard Media
Bad timing may defeat East Africa’s plan to become a major liquefied natural gas exporter if plants are delayed and the region is overtaken by a global gas glut.
A singleminded focus on LNG may also see Tanzania and Mozambique compromise on developing the region through gas-fired power stations and plants converting gas to fuel. The region’s geology has already delivered a jackpot in discoveries of 150 trillion cubic feet – enough to supply Germany, Britain, France and Italy for fifteen years – and consortia busy scouting wells claim there may be potential to double that.