African seaborne gas exports would play a bigger role in meeting global liquefied natural gas (LNG) trade growth than the US, whose supply would be capped by mass domestic switching from coal to gas-fired power generation, the West’s energy watchdog said yesterday.
Africa’s LNG exporters in Nigeria, Algeria and Equatorial Guinea are set for a new supply wave coming from major new discoveries off the coasts of Mozambique and Tanzania.
By contrast, the US would fall behind as abundant gas supply muscles coal out of the domestic energy mix, creating huge demand for cheaper gas-fired power generation, Laszlo Varro, the head of gas and power at the International Energy Agency said at the Flame gas conference in Amsterdam.
Varro said replacing all existing coal-fired capacity would exceed current US gas production.
Reuters