LNG

Tortue paves the way for African LNG FIDs

Financial close on Tortue proves that well-capitalised projects with government support can succeed in Africa, and more look likely to follow Financial close on Tortue proves that well-capitalised projects with government support can succeed in Africa, and more look likely to follow.
By Felix Janvrin 9 January 2019 0 33821
A gas flow test off Mozambique. (Anadarko)

The key issue: BP’s FID on the first phase of the Tortue/Ahmeyim FLNG project is expected to be the first of several green lights for liquefaction projects in Africa this year, although political uncertainty could delay these developments further.

Interfax analysis: Despite the upswing in the petroleum industry and an LNG supply shortage expected from the next decade, Africa remains a crucible of mixed fortunes for drillers. Amid all of this, the Tortue/Ahmeyim scheme appears to prove that well-capitalised ventures with committed government support can...