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Africa LNG Set to Surge as Floating Projects Cut Time to Market

  • Production capacity on continent seen almost doubling by 2030
  • Kosmos says its Tortue project is just ‘weeks away’ from FID
LNG And LPG Operations At Aqaba Port
Photographer: Annie Sakkab/Bloomberg

Africa is on the cusp of a liquefied natural gas boom. That’s in part due to accelerating global demand. It’s also down to a fast-track method of getting the fuel to market.

Kosmos Energy Ltd.’s project in Mauritania and Senegal, set to get the go-ahead next month, will use a floating vessel to convert gas from the offshore Tortue field into LNG. Such units, which can be built out of existing tankers, reduce the time from exploration to export, helping to lure investment and boost enthusiasm for gas development in a region traditionally focused on oil.