{"id":14789,"date":"2012-09-19T16:39:51","date_gmt":"2012-09-19T14:39:51","guid":{"rendered":"http:\/\/www.myza.co.za\/09\/analysis-east-africa-risks-missing-lng-boom\/"},"modified":"2012-09-19T16:39:51","modified_gmt":"2012-09-19T14:39:51","slug":"analysis-east-africa-risks-missing-lng-boom","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/analysis-east-africa-risks-missing-lng-boom\/","title":{"rendered":"ANALYSIS-East Africa risks missing LNG boom"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Mozambique, Tanzania expect first gas by end of decade<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Critics say basket of projects needed, not just LNG<\/p>\n<p><span><\/span><\/p>\n<p>By Agnieszka Flak<\/p>\n<p><span><\/span><\/p>\n<p>JOHANNESBURG, Sept 19 (Reuters) &#8211; Bad timing may defeat East<br \/>\nAfrica&#8217;s plan to become a major liquefied natural gas exporter<br \/>\nif plants are delayed and the region is overtaken by a global<br \/>\ngas glut.<\/p>\n<p><span><\/span><\/p>\n<p>A singleminded focus on LNG may also see Tanzania and<br \/>\nMozambique compromise on developing the region through gas-fired<br \/>\npower stations and plants converting gas to fuel.<\/p>\n<p><span><\/span><\/p>\n<p>The region&#8217;s geology has already delivered a jackpot in<br \/>\ndiscoveries of 150 trillion cubic feet &#8211; enough to supply<br \/>\nGermany, Britain, France and Italy for fifteen years &#8211; and<br \/>\nconsortia busy scouting wells claim there may be potential to<br \/>\ndouble that.<\/p>\n<p><span><\/span><\/p>\n<p>The size of the discoveries, their location en route to Asia<br \/>\nand buyers&#8217; desire to diversify away from big suppliers Qatar<br \/>\nand Australia have made East Africa an attractive prospect for<br \/>\nLNG. But the clock is ticking.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;We don&#8217;t know what the market is going to be post 2020. We<br \/>\nneed to get there before then,&#8221; John Peffer, managing director<br \/>\nof Anadarko Petroleum Mozambique told an energy<br \/>\nconference in Maputo. &#8220;We need to progress quickly.&#8221;<\/p>\n<p><span><\/span><\/p>\n<p>Research firm Wood Mackenzie estimates global supply of LNG<br \/>\nwill reach 472 million tonnes by 2020, against demand of 369<br \/>\nmillion tonnes. The expected oversupply has already fuelled a<br \/>\nglobal race for customers in growing markets in Asia.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Mozambique, Tanzania expect first gas by end of decade * Critics say basket of projects needed, not just LNG By Agnieszka Flak JOHANNESBURG, Sept 19 (Reuters) &#8211; Bad timing may defeat East Africa&#8217;s plan to become a major liquefied natural gas exporter if plants are delayed and the region is overtaken by a global [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-14789","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/14789","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=14789"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/14789\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=14789"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=14789"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=14789"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}