Africa due big shares of liquids output, LNG growth

02/27/2006
Africa will supply 30% of an estimated 13.65 million b/d growth in global liquids production capacity by 2010, excluding the US onshore and Canada, said an official of IHS Energy.Africa will also contribute more than 25% of the expected growth in global LNG capacity by 2010, Ron Mobed, president and chief operating officer of the energy segment of IHS, told a session at the Energy Institute’s International Petroleum Week in London.Africa today supplies 12% of world liquids production and 29% of active LNG shipping capacity, Mobed said.Discoveries, resourcesAfrican finds totaled nearly 25% of world liquids reserves discovered in 2000-04 and 12% of world gas reserves discovered in the...
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