No, it won’t. Not really. There sure are some LNG volumes out of Nigeria and much less from some other countries that can be used right now. But that’s not nearly enough to replace Russian gas. Yes, Africa has a lot of reserves and those could be developed but we are not talking about months but years to do that. Let’s not forget, that the first LNG project in Subsaharan Africa, NLNG, took around 30 years to develop and build. Africa has its own timelines and its own way to do things. Most Europeans do have not a clue about what a go-slow is. Don’t hold your breath quite yet.
The world is wondering, and rightfully so, if Africa’s gas reserves — an estimated 221.6 trillion cubic feet — could be part of the energy solution Europe so desperately needs.