Venture global lng salary download#

This was in line with the long-term shift toward greater flexibility in the gas sector, which is shedding its previous reliance on overland pipeline deliveries and long-term, large-scale contracts with pricing formulae linked to crude oil. They also wanted to maximize their ability to serve customers seeking gas on flexible terms. These companies were interested in Africa not just because they wanted to add new assets to their portfolios. IOCs were especially keen to enter offshore frontier provinces such as the Ruvuma basin, located off the coast of Mozambique, and the Senegal-Mauritania section of the MSGBC basin, located off the continent’s western coast. Indeed, they hadn’t just attracted attention they’d also attracted many billions of dollars in investment commitments from firms seeking access to large undeveloped gas deposits. And prior to last year, those reserves had already drawn a significant amount of attention from international oil companies (IOCs) and other entities involved in the global gas trade. I’ve already noted that Africa has significant gas reserves. Here, I’d like to offer some extra insight into our take on downstream developments – that is, on African liquefied natural gas (LNG) projects, including the countries currently dominating the industry and those preparing to make their presence known. The report covers our outlook on both upstream and downstream trends.

Venture global lng salary download#

The African Energy Chamber (AEC) has outlined our expectations for Africa’s gas sector in the “The State of African Energy Q1 2023 Report”, a new publication available for download on our website.

In fact, it puts Africa in a position to influence the course of the industry, especially in light of long-term trends, including the shift to more flexible contract and delivery terms, along with more recent developments such as the Russia-Ukraine conflict. That’s more than enough to make Africa a key player in the global gas industry.

But it does have a sizeable amount of gas – at least 620 trillion cubic feet (tcf) - 17.56 trillion cubic meters (tcm) - in proven reserves. Africa may not possess the vast conventional gas resources of the Middle East or Russia, and it may not be able to match the combined conventional and unconventional resources of North America.