North African LNG exports in January declined slightly from December despite forecasts of strong gas development in the near term. Analysts at S&P Global see a bullish gas production outlook for Africa. There is available infrastructure in place for drilling activity, particularly for gas, S&P Global analysts said. Egypt and Algeria's gas production outlook is set to continue its upward trend set in 2022 through to 2030, according to data from S&P Global analysts. Platts, part of S&P Global, assessed the LNG Mediterranean marker at $8.367/MMBtu on Jan. 29, up 3.1 cents/MMBtu on the day.

Source: The North Africa Journal January 30, 2024 12:15 UTC