Audio By Carbonatix
With record-breaking US gas production this year, and the promotion of gas as a “cleaner, cheaper” energy source a continued priority for the current White House, the US Department of Energy is now looking towards Africa to develop opportunities in the exploration, production and monetization of LNG.
In the words of Energy Secretary Rick Perry, “increased amounts of US LNG on the world market benefit the American economy, American workers, and consumers and help make the air cleaner around the globe.”
Appetite for imported gas is growing steadily across the African continent. Just recently, South Africa announced plans to open its first LNG import terminal in 2024.
Meanwhile, US gas production is skyrocketing. Currently, at 6 billion cubic feet (bcf) per day, production is forecast to grow to 10 bcf by the end of 2020. This confluence of circumstance makes Africa a common-sense partner for the US as it sets out to cement its position as an Energy Superpower.
As part of this mission, Assistant Secretary for Fossil Energy, Steven Winberg, will join 22 Pan-African ministers at the Africa Oil Week summit in Cape Town this November.
He will use the event to share US energy policy points with the continent and outline a vision for deeper US commitment to Africa in the oil, gas and power sectors.
This vision looks set to encompass increased two-way trade and investment between the US and Africa, with the US making potential capital available on joint-ventures and to part-finance LNG infrastructure for energy-lacking African countries.
The announcement of Secretary Winberg’s attendance to the summit comes alongside several major US private-sector investments into the African energy sector.
ExxonMobil is making progress in Mozambique with their Rovuma LNG project in deepwater Area 4 block which contains more than 85 trillion cubic feet of natural gas.
Particularly notable though is Anadarko’s recent announcement of its Final Investment Decision (FID) to construct a $20 billion gas liquefaction and export terminal in Mozambique, the largest single LNG project approved in Africa.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Twelve girls participate in Egli Studios’ maiden Besties Camp
6 minutes -
MFWA launches GH¢544,000 Legal Support Fund for journalists facing SLAPPs in Ghana
12 minutes -
Ho tricycle riders defy Assembly’s directive not to charge new fares
17 minutes -
North Korea and Russia open first road bridge linking both countries
17 minutes -
Sadio Mane, Achraf Hakimi make 2026 Ballon d’Or shortlist
30 minutes -
John Boadu best positioned to return NPP to power in 2028 – Wontumi campaign
40 minutes -
B5 Plus urges import bans on goods Ghana can produce
41 minutes -
Ballon D’or: Three Africans make 2026 Men’s Goalkeeper of the Year shortlist
47 minutes -
Tuesday downpour causes extensive damage to properties in Berekum Municipality
48 minutes -
Music Beef: When rivalry sells, fans fight, and the industry pays
52 minutes -
Mahama calls for stronger support for women’s football
54 minutes -
‘No Ghanaian should pay’ – Health Minister warns health workers against charging for Free Primary Healthcare
54 minutes -
Weija Dam spillage begins a day earlier than announced as GWL responds to rising water levels
54 minutes -
Renewed gunshots reported in Bunkpurugu as Regional Security Council meets
55 minutes -
Highest paid world leader to get salary increase of $1 million
57 minutes