Energy · 4 views
Africa’s LNG Exports Set to Soar 175% as Buyers Flee Hormuz
Alex Kimani is a veteran finance writer, investor, engineer and researcher for Safehaven.com. Energy buyers burned by the Strait of Hormuz are turning to Africa, and the money is following.
AI Summary
Energy buyers hurt by disruptions in the Strait of Hormuz are shifting their purchases to Africa, and investment is following. The African Energy Chamber estimates that the continent’s upstream sector will attract roughly $40 billion a year through 2030. This inflow is expected to raise Africa’s hydrocarbon output to 12.5 million barrels of oil equivalent per day.
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