Kuwait and Nigeria will be LNG industry growth engines in the Middle East and Africa between 2018 and 2022.

Nigeria is set to have the highest liquefaction capacity additions while Kuwait and Turkey will have highest regasification capacity additions among all countries in the Middle East and Africa, according to GlobalData, a data and analytics company.

The company’s report: ‘LNG Industry Outlook in Middle East and Africa to 2022’ forecasts total liquefaction capacity in the Middle East and Africa to increase from 172.7 million tonnes per annum (mtpa) in 2017 to 234.0 mtpa in 2022 at an Average Annual Growth Rate (AAGR) of 6.1 per cent.

Similarly, the total regasification capacity is expected to grow from 3,007.6 billion cubic feet (bcf) in 2017 to 5,895.0 bcf in 2022 at an AAGR of 13.5 per cent.

Nigeria and Qatar are the major countries in the Middle East and Africa for LNG liquefaction terminals.

Nigeria (Nigeria), Ras Laffan III (Qatar) and Ras Laffan II (Qatar) are the largest liquefaction terminals in the region. In the Middle East and Africa, 11 liquefaction terminals are expected to become operational between 2018 and 2022.

The total planned liquefaction capacity in 2022 is expected to be 53.3 mtpa.

Nigeria will lead the Middle East and Africa in terms of liquefaction capacity additions. The country will have the highest liquefaction capacity additions of 18.0 mtpa, increasing from 22 mtpa in 2017 to 40 mtpa by 2022 at an AAGR of 12 per cent.

The country is expected to spend US$25.26bn or more than 30% of the region’s total capital expenditure (capex) on new build liquefaction terminals during the outlook period.

Soorya Tejomoortula, analyst at GlobalData, explains: “Nigeria is expanding its liquefaction capacity to capture increasing global demand of natural gas. The country aims to become one of the major suppliers of LNG globally.”

In terms of regasification capacity additions in the Middle East and Africa, 10 regasification terminals are expected to become operational between 2018 and 2022. The total planned regasification capacity in the Middle East and Africa in 2022 is expected to be 2,887.5 bcf.

Kuwait will lead the Middle East and Africa with total additions of 1071 bcf.

The country’s regasification capacity will increase from 264.8 bcf in 2017 to 1,335.8 bcf in 2022 at an AAGR of 32.4 per cent.

The country is expected to spend around US$2.9bn on development of upcoming regasification terminals during the outlook period.

http://petrolgasreport.com/report-says-kuwait-nigeria-will-lng-industry-growth-engines/

Nigeria is expanding its liquefaction capacity to capture increasing global demand of natural gas. The country aims to become one of the major suppliers of LNG globally.”


Good development.
Things are getting better.
Gradually, we will get there.

Na look we de look una

Nigeria kwa?

With lifelessness at the helm of affairs


Pls spare me dat bullshitt!

Kuwait better currency 1.00 Kuwait dinar=N1000.00

Reports by BMC of a lifeless President abi?


Propaganda won't help us in this country.

Said baba is working tirelessly

All these increase yet, it does not reflect on Nigerian citizens. While the increment in these other countries like Kuwait n Qatar impacts positively on their citizens..

imran147:
Kuwait better currency 1.00 Kuwait dinar=N1000.00

Yes ooh! My brother. I wonder why our fraudulent Nigerian scammers never reason their matter. That Kuwait Dinar na blood money


Post No Bill

imran147:
Kuwait better currency 1.00 Kuwait dinar=N1000.00

go school you no agree. The exchange rate of a country doesn't define the economic wellbeing of the country. Kuwait dinar has a bigger exchange value against the US dollar but that doesn't mean they have a better economy than USA.
Some currencies carry fake value example na Ghana cedis

Authoreety:
Nigeria kwa?

With lifelessness at the helm of affairs


Pls spare me dat bullshitt!

Eyah I know it hurts u so much to see the country progress. Go for deliverance, wailer!

And Kuwait citizens will become richer while Nigerians will be poorer.

God de oh

Which Nigeria? Is it same Nigeria under this clueless blabla apc govt Be deceiving yourselves.

michlins:
go school you no agree. The exchange rate of a country doesn't define the economic wellbeing of the country. Kuwait dinar has a bigger exchange value against the US dollar but that doesn't mean they have a better economy than USA.
Some currencies carry fake value example na Ghana cedis

You are very correct, Citizens of such countries with higher value of currency will no doubt be moaning under the weight of economic hardship

good

michlins:
go school you no agree. The exchange rate of a country doesn't define the economic wellbeing of the country. Kuwait dinar has a bigger exchange value against the US dollar but that doesn't mean they have a better economy than USA.
Some currencies carry fake value example na Ghana cedis

u are trying too hard to be smart or make sense...Before you argue and expose yourself because of a blind comparison...Please google and read about the Gulf countries..Then come back if you want to thank me.

Wonderful . May Papa God bless the current government, PMB, Osinbanjo, Kachiku and any person that contributed in one way or the other, including the Nairaland owners that helped in disseminating the news. May He blinds the eyes of anyone that want to disrupt peace in Nigeria. May the enemies of this government be infested with an incurable STD that will make their family and friends distance themselves due to the heavy odour emanating from their private part. IJN Ameen

michlins:
go school you no agree. The exchange rate of a country doesn't define the economic wellbeing of the country. Kuwait dinar has a bigger exchange value against the US dollar but that doesn't mean they have a better economy than USA.
Some currencies carry fake value example na Ghana cedis

A quick help..

Kuwait is a small petroleum-based economy. The Kuwaiti dinar is the highest-valued unit of currency in the world.Non-petroleum industries include financial services. According to the World Bank, Kuwait is the fourth richest country in the world per capita.Kuwait is the second richest GCC country per capita (after Qatar).


Try not to expose yourself without proper knowledge of things again in public it only invites reproach to one.

Livefreeordieha:
A quick help..

Kuwait is a small petroleum-based economy. The Kuwaiti dinar is the highest-valued unit of currency in the world.Non-petroleum industries include financial services. According to the World Bank, Kuwait is the fourth richest country in the world per capita.Kuwait is the second richest GCC country per capita (after Qatar).


Try not to expose yourself without proper knowledge of things again in public it only invites reproach to one.

we are talking about different things. What's the co relationship between a country currency and their economic wellbeing. Chin is on trade war with the US because they are constantly devaluing their currency to ensure they beat competition with their rivals in US in terms of production costs and Trump is constantly berating them for this manipulation. There are people who are in dire economic hardship in Kuwait forget the Income per capita of the country. There's a wide gap between the extreme rich and extreme poor.

Take Nigeria as a case study. We're home to the world poorest and yet biggest car buyers without credit facilities

mickeyenglish:



Yes ooh! My brother. I wonder why our fraudulent Nigerian scammers never reason their matter. That Kuwait Dinar na blood money


Post No Bill

Look at how you exposed your illiteracy

still wont change anything. you can empty tue coffers of Siwtzerland into this shithole and nothing will change

DATS IF NIGERIA WILL STILL BE NIGERIA FEW YEARS TIME

mickeyenglish:



Yes ooh! My brother. I wonder why our fraudulent Nigerian scammers never reason their matter. That Kuwait Dinar na blood money


Post No Bill

Na because Arab man no be oyinbo. Arabs with their racist and no-mercy mentality know how to deal with thieves, esp Niggerians. they dont fùck around.

imran147:
Kuwait better currency 1.00 Kuwait dinar=N1000.00

LIKE SEIROUS

ARE YOU KIDNING ME

East is blessed in terms of human and natural resources but cursed with a bad country!!

michlins:
go school you no agree. The exchange rate of a country doesn't define the economic wellbeing of the country. Kuwait dinar has a bigger exchange value against the US dollar but that doesn't mean they have a better economy than USA.
Some currencies carry fake value example na Ghana cedis

Mr sharaap na u no school
How can a country currency bounce $£€ and yet you told me they don’t have a good economy
You think they are like your Nigerian politicians crapping our economy for decades
I have known Kuwait Oman Qatar Jordan currency for more than a decades and they maintain there country values and mind you they are oil bumming countries

Only be say they don’t use there currency to trade in world market

For instance Kenyan shilling even stronger than naira likewise ghanacedde
Now tell me if there economy no good why your so called Nigerian citizen rushing to go there for stay?