PH Mundial – Port Harcourt Online Newspaper News across the Niger Delta
Related Articles
By Paul Williams
Nigeria’s gas company, NLNG, says that with 6 percent of the global reserves, Africa, especially Nigeria, has a duty to move beyond the role of raw material suppliers and take their place as key players in the global LNG market.
Delivering a keynote address, titled ‘The Role of African LNG in a Dynamic Export Market,’ at the Africa Energy Week (AEW) 2025 in South Africa, NLNG’s Deputy Managing Director, Olakunle Osobu, said Africa is not a bystander in the conversation on energy security, affordability, and sustainability.
He said Africa is a rising pillar of global supply, adding that Nigeria has a duty to lead.
Osobu stressed that with more than 850 trillion cubic feet of natural gas reserves, about six percent of the total global reserves, Africa has the resources, the position and the ambition to double its share of the global LNG market within the next decade.
Osobu highlighted Nigeria’s role as the continent’s LNG pioneer, pointing to the NLNG Train 7 expansion project, which will grow the company’s capacity from 22 million tonnes per annum (MTPA) to 30 MTPA, as a demonstration of sustained leadership.
“Our investment in expansion shows that Nigeria is driving LNG growth not only for exports but also for domestic industries and energy access. We must prove that Africa can deliver LNG that is secure, competitive, and sustainable,” he added.
Osobu noted that emerging LNG frontiers across the continent collectively represent more than 45 MTPA of potential new supply. With these additions, Africa’s LNG output could rise from about 70 MTPA today to 120 MTPA by 2035, further consolidating the continent’s standing as a global LNG hub, he added.
While noting Africa’s strategic advantage, shorter shipping routes to both Europe and Asia, Osobu warned that competitiveness, financing, and domestic responsibility remain Africa’s biggest hurdles.
He pointed out that the U.S. and Qatar are rapidly expanding LNG capacities, while financiers increasingly demand low-carbon and decarbonised LNG projects.
He stressed that Africa’s LNG journey must strike a balance by supplying the world reliably, catalyse African industrialisation, and demonstrate sustainability in line with global decarbonisation goals.
Organised by the African Energy Chamber, Africa Energy Week 2025 brought together policymakers, investors, and industry leaders to shape Africa’s energy future.
