Hotspots for oil investments – Africa and the Atlantic

Tudor, Pickering and Holt LLC, leading energy investment bank, recently declared that the political agitations prevailing in North Africa has made many oil exploration and production investors shift their focus towards South America and Africa.

Anish Kapadia, the director of London Bank, recently mentioned in an interview that the eastern parts of Africa have commenced an offering of quite interesting potential to encourage the export facilities of liquefied natural gas,  irrespective of the turmoil in North Africa. Kapadia further went on that Mozambique has already found sufficient gas for the LNG export terminal, and they have also made some interesting discoveries in Tanzania. He added that Madagascar has large potential, but the political risks over Madagascar make the oil investments tricky.

Isreal

The discovery of a couple of offshore oil fields shows the potential of Israel to export LNG. But the market should wait and watch for how much oil Israel locks in for its domestic consumption. Nevertheless, the Tamal and Leviathan gas fields should produce gas of more than 10 million tons per year. According to Anish Kapadia, the current investment plans for the LNG infrastructure are to create a worldwide environment and to diversify their global market. Further, they have planned to export to Australia, Brazil, Tanzania and Mozambique.

- Chris Termeer

Chris Termeer

Chris Termeer is an oil and gas consultant, industry commentator and analyst. His book, Fundamentals of Investing in Oil and Gas provides a comprehensive overview of all aspects of the oil and gas industry, including exploration, drilling, production, storage, transportation and refining, to name but a few.

Facebook Twitter LinkedIn Google+ YouTube