47% of exports: would France have fallen back on this African country for the purchase of liquefied gas?

47% of exports: would France have fallen back on this African country for the purchase of liquefied gas?
47% of exports: would France have fallen back on this African country for the purchase of liquefied gas?

On the borders of Europe, an African country seems to have found the right thing to sell its gas, as France shows.

Indeed, it is a veritable energetic torrent coming straight from the bowels of Cameroon to feed France’s fossil appetite.

In 2023, France has definitively become the new gas Eldorado for Cameroonian reserves.

The figures confirm it: 304.2 billion CFA francs, or nearly 464 million euros. This is the astronomical amount that France spent in the first half of 2023 alone to gorge itself on this precious Blue Gold made in Cameroon.

Better yet, of Cameroonian exports to France, 47% consists of liquefied natural gas.

An unprecedented influx since the Russian gas valves closed in 2022. Deprived of its traditional energy police station, the Great Nation has decided to turn a blind eye to the Cameroonian little thumb.

A new dependence on the scent of a country which now accounts for 12.3% of its import market.

An umbilical link that runs to the gaping mouths of the Hilli Episeyo oil platform. Installed off the coast of Kribi in 2018, this floating sea behemoth concentrates a large part of Cameroon’s exported energy windfall.

Each year, between 1.2 and 1.6 million tonnes of liquefied natural gas emerge, ready to ship to the energy Eldorados.

Its operator is none other than the savvy Perenco, the French flagship of blue gold, which has managed to gain a foothold in this exploitation. A savvy investor who is now reaping the benefits of this gas surge towards France.

Now surpassing India and China, two energy behemoths that are well anchored in Cameroon, France appears to be the new market of choice for this vital resource.

A status which poorly masks the distress of a French giant orphaned by its main Russian supplier.

No matter, millions of euros will continue to flow to Yaoundé in 2024. A new dependence is now hindering the flow of Cameroonian energy towards French shores.

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