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Potential and Risks of Increase in African Natural Gas Supply to Europe

             

摘要

Since the beginning of 2022,due to the combined effects of extreme weather,oil and gas geopolitical risks and other factors,the natural gas inventory in Europe has reached historic lows,so Europe is actively seeking to increase natural gas imports from around the world.Africa is relatively geographically close to Europe,enjoys rich natural gas resource endowment,and has made major discoveries in recent years,so it may have greater potential for increasing natural gas supply to Europe in the future.This article studies the potential and relevant risks of increase in African natural gas supply,and the authors believe that more than 15 million tons/year of new LNG production capacity will be increased by around 2025 as 4 projects in Africa were approved before 2022 including the Coral FLNG project under construction in Mozambique,which will have a positive effect on diversified natural gas supply to Europe.The LNG project under construction in Mozambique and the proposed projects such as LNG project in Tanzania have the potential to further increase natural gas exports to Europe,but like NMGP project and other pipeline natural gas export projects,these projects are subject to different risk factors and their development prospect is highly uncertain.In the medium and long term,Africa,along with countries and regions such as North America,the Middle East,and Australia,will jointly promote a large-scale increase in global natural gas supply between 2025 and 2030,and Europe will lead the transformational development of the global energy industry.

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