In the second of a three-part series on LNG finance and risk from global law firm White & Case, partner Jason Kerr looks at new streams
Africa cuts an imposing figure on the world energy horizon. Already a significant provider of both oil and gas to the rest of the world, Africas huge reserves of natural resources are only going to increase in importance and they will be a key factor in the growth of the world economy over the next two decades.
John
McKay
Africa is emerging as a key source of liquefied natural gas for the United States as Nigeria continues to monetize its significant natural gas reserves, and a
small former Spanish colony prepares to become the worlds 14th LNG exporter
with contracts to deliver into Louisiana.
In mid-July the West African state of Equatorial Guinea will become the newest LNG exporting country after a project led by
Marathon Oil Corp. of the US comes
on stream.
Thomas Lang, Wieland-Werke AG, Ulm, Germany, and Brigitte Ploix, Technip, Paris, France
Shell's planned Floating LNG facility will have a nominal capacity of 3.5 million tonnes per annum of LNG and more than 4 MTPA for rich feed-gas, plus a considerable amount of co-produced liquefied petroleum gas and condensate.