• PL
Choose your location?
  • Global Global
  • Australian flag Australia
  • French flag France
  • German flag Germany
  • Irish flag Ireland
  • Italian flag Italy
  • Polish flag Poland
  • Qatar flag Qatar
  • Spanish flag Spain
  • UAE flag UAE
  • UK flag UK
  • PL
Choose your location?
  • Global Global
  • Australian flag Australia
  • French flag France
  • German flag Germany
  • Irish flag Ireland
  • Italian flag Italy
  • Polish flag Poland
  • Qatar flag Qatar
  • Spanish flag Spain
  • UAE flag UAE
  • UK flag UK
Back to Articles

After the pandemic: A new normal for LNG

24 June 2020
Banner oil and gas small

Recent gas finds in Africa have created the potential for major export increases from the continent, beyond the traditional countries. Find out more about the new normal for LNG in Africa.

A rare and ongoing “twin supply-demand shock” due to the unprecedented impact of the coronavirus (COVID-19) pandemic has caused ripple effects across all segments of the Liquefied Natural Gas (LNG) value chain. Where do African projects stand in such an environment? And how will different producers navigate the challenges associated with the new normal post-COVID-19?

Download report

In Africa, the most severe recession in over 25 years is looming. Even before a single case of COVID-19 was reported in the continent, Africa was already facing economic consequences as a result of the wide spread outbreaks in other world economies. Trade balance has plummeted and capital has flown. 

“EPC (Engineering, Procurement and Construction) contracts on LNG projects are met with a bottomless pit of claims. Some contractors struggle to provide what they claimed, after bidding low, and try to recoup costs with claims that can amount to 20- 30% of project value. Other contractors advance genuine claims instigated by changes to the project itself. Relatively few contractors can handle major LNG projects, which remain a niche area.” 

Slava Kiryushin, Global Head of Energy, DWF

Despite this, LNG can have a promising future in Africa if challenges associated with the current coronavirus and economic crisis are managed effectively with the right political support.

Find out more about the new normal for LNG in Africa.

 

Download report

Related Authors

Anne Sylvie Vassenaix Paxto

Anne-Sylvie Vassenaix-Paxton

Partner // Head of Oil & Gas

 

Related Sectors

Sign up to receive our communications
Complete our form to get key insights on all the topics that interest you, straight to your inbox.
   

Further Reading

A costly reminder of the pitfalls associated with letters of intent
Insights
A costly reminder of the pitfalls associated with letters of intent 11 Apr 2024

How costly can it be to proceed with a project based on a letter of intent? Our team explores the pitfalls and some practical tips to side step a potential dispute.  

 
Cyber Liability Insurance ExecuSummit: Key learnings
Insights
Cyber Liability Insurance ExecuSummit: Key learnings 05 Apr 2024

In the ever-evolving landscape of cybersecurity, staying ahead of the latest trends and insights is key for individuals and businesses alike. 

 
HR Insights – March 2024
Insights
HR Insights – March 2024 04 Apr 2024
Bringing you up to speed with the latest in the world of employment law.