African Nations Pour Billions into Oil and Gas Expansion

Africa is investing heavily in oil and gas production to improve its energy security, following geopolitical events such as the Strait of Hormuz blockade.

Liquefied natural gas (LNG) projects are driving this growth, with 31 grassroots projects worth $78.48 billion planned for completion between 2026 and 2030.

The continent's LNG exports grew by 27% in Q1 of 2026, reaching almost 10% of the global total, and could reach 15-20% by 2030 based on planned projects.