CommoditiesMedium•5 November 2026•
1 min read
Africa LNG Exports Projected to Surge 175% as Buyers Diversify from Hormuz
Key Facts
1The African Energy Chamber projects Africa’s upstream sector will attract ~$40 billion a year through 2030.
2The continent’s hydrocarbon output is expected to rise to 12.5 MMboe/d.
The African Energy Chamber projects Africa’s upstream sector will attract approximately $40 billion a year through 2030. OilPrice.com reported that the continent’s hydrocarbon output is expected to rise to 12.5 million barrels of oil equivalent per day as global energy buyers seek alternatives to the Strait of Hormuz due to regional conflict.
Significant capital is flowing into projects across Mozambique, Nigeria, Angola, Libya, and Ivory Coast, driving a projected 175% surge in LNG exports. This investment shift occurs as major energy infrastructure expands to secure global supply chains, session.