Africa has become Europe’s latest gas hunting ground, writes LJucca
Russian gas major Gazprom said on April 27 it had halted gas supplies to Poland and Bulgaria due to their refusal to pay in roubles.
The European Union is looking to import 50 billion cubic metres of liquefied natural gas to replace about one-third of its annual gas supply from Russia. Africa’s LNG production is forecast at 73 bcm in 2022, according to consultancy Rystad Energy. Of this, 7 bcm is uncontracted, while 29 bcm is tied to flexible contracts that could be rerouted.
Italian oil and gas major Eni signed a deal on April 21 to increase gas supplies from the Congo Republic by more than 4.5 bcm a year. Eni also clinched an agreement on April 11 to add 9 bcm of annual supply from Algeria by 2023-24.Source: REUTERS/Amr Abdallah Dalsh A view of a gas plant seen from the desert road of Suez outside Cairo, Egypt September 1, 2020. Picture taken September 1, 2020.
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