Ministers from Africa’s LNG-exporting countries including Senegal, Equatorial Guinea, Nigeria and the Republic of Congo will gather in Paris for the Invest in African Energy Forum, showcasing the continent’s LNG as a reliable solution to Europe’s urgent energy needs.
As tensions flare in the Middle East and Russian supply remains volatile, European buyers are urgently seeking stable alternative sources of gas – and Africa is emerging as a critical solution. Next month, energy ministers from Senegal, Equatorial Guinea, Nigeria and the Republic of Congo will convene in Paris at the Invest in African Energy (IAE) Forum, spotlighting the continent’s LNG capacity and its emerging role in European energy security.
Following the dramatic disruption of Russian pipeline flows, Europe has increasingly turned to LNG to fill supply gaps – contracting cargoes from the U.S., Qatar and, increasingly, African exporters. While African cargoes still represent a smaller share of total imports, their relevance is growing as utilities factor in insurance costs, geopolitical risk and supply diversification. And now, with the Middle East in turmoil and the Strait of Hormuz effectively at risk, African LNG offers European buyers a geographically insulated, lower-risk alternative that can be delivered quickly to key regasification hubs.
Nigeria remains Africa’s LNG backbone, with its volumes historically flowing into Europe’s Mediterranean and Atlantic terminals through a mix of long-term contracts and spot cargoes. As Russian pipeline volumes have declined, Nigerian LNG has become a significant component of LNG deliveries into Iberian terminals, with Portugal sourcing over half of its LNG from Nigeria and Spain among the key European destinations for Nigerian cargoes.
Continued expansion – including the Nigeria LNG Train 7 project – is expected to boost export capacity toward the mid-2020s, adding new volumes that European buyers could secure through multiyear supply agreements. This positions Nigeria not just as a major producer, but as a durable contender for Europe’s long-term LNG demand.
Equatorial Guinea’s LNG exports via the Punta Europa facility have also found consistent markets in Europe and across the Atlantic Basin. Recent upstream developments, including the Chevron Aseng Gas Project, aim to secure additional gas feedstock, reinforcing LNG supply and supporting both domestic gas use and exports. European utilities have shown particular interest in shorter-route shipments from West Africa, as cargoes from Equatorial Guinea reach European terminals faster and with lower freight and insurance costs than many Middle Eastern shipments.
Continue reading with Eandel
Subscribe to unlock the complete story and receive your subscriber benefits.
