Sub-Saharan Africa's liquefied natural gas (LNG) exports are set to grow nearly 175% to 98 billion cubic meters in 2034 from 35.7 billion in 2024, according to Fitch, as buyers flee the Strait of Hormuz.

The African Energy Chamber projects about US$ 40 billion a year in exploration and production investment through 2030, lifting the continent's hydrocarbon output to 12.5 million barrels of oil equivalent per day. In Mozambique, TotalEnergies' US$ 20 billion LNG project, with capacity of 13.1 million tonnes per year, resumed construction in January after the end of a four-and-a-half-year force majeure and is about 45% complete.