Africa LNG exports to surge 175% as Hormuz risk drives buyers to diversify

The African Energy Chamber projects Africa's upstream sector will attract ~$40B annually through 2030, boosting hydrocarbon output to 12.5 MMboe/d, with LNG exports rising 175%. This shift is driven by buyers fleeing Strait of Hormuz risk, positioning Africa as a key alternative supplier. The projection is an industry forecast, not yet corroborated by confirmed investment commitments.

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