July 05, 2011 09:08 ET

Africa Earned $17.6 Billion Through LNG Exports

ROCKVILLE, MD--(Marketwire - Jul 5, 2011) - has announced the addition of LNGReports's new report "Africa LNG Market Outlook - New Opportunities, Trends and Drivers to 2020," to their collection of Energy market reports. For more information, visit

"Africa LNG Market Outlook - New Opportunities, Trends and Drivers to 2020" from LNGReports is a comprehensive report on current and future Africa LNG business environment. It identifies all possible opportunities of contracting and investing in African markets. The report provides all major trends and drivers driving the industry growth to 2020. It forecasts country wise LNG capacity, LNG exports and natural gas production to 2020. In addition to monthly trade volumes from January to December 2010, it also provides annual LNG trade data from 2000 to 2020 by country.

Monthly LNG price data is provided for Algeria, Nigeria, Egypt, Equatorial Guinea and Libya for 2010. The report also analyzes the trade pattern and the typical contracting terms followed in sale purchase agreements with supporting data. Key LNG strategies of 6 leading players in Africa are detailed. Further, the report also provides capacity addition details through new terminals and expansions. Current status of all the planned terminals in Africa is detailed along with all the latest developments in Africa LNG industry.

Research Highlights -

  • African nations earn a sales revenue of $17.6 billion through LNG exports in 2010
  • African total LNG sales stood at 42.66 mtpa, with Europe importing more than 68% of it
  • October witnessed the largest LNG exports from Africa, while the annual average LNG price stood at $8.04/MMBtu
  • All the African nations will increase their liquefaction capacities over the next decade, resulting in capacity growth of 76.4 mtpa between 2010 and 2020
  • Over 25% of African LNG production is traded in spot and short term markets
  • Africa will have surplus natural gas production of 135.3 Bcm in 2020, adequate enough to meet all the LNG export contracts
  • Nigeria, with a total LNG production of 59.43 mtpa, will remain the largest LNG producer in Africa
  • South Africa and Kenya plan construction of LNG import plants
  • As a part of its mid term strategy, Sonatrach plans to strengthen its foothold in pacific basin markets
  • Most African nations preferring construction of medium sized liquefaction trains
  • Around 70% of LNG contracts are signed on Delivery- on Ex-Ship basis
  • 33.4 mtpa of capacity to be added through expansion of existing LNG terminals

For more information, visit

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