In the past two years, there have been 24 discoveries from just 27 wells in Tanzania and Mozambique. The global average of hitting a discovery in a frontier petroleum region is about 20%. East Africa has created another potential competitor for Australia’s LNG exports as a result of the sustained successful discoveries there. While the rise of the prospect of US LNG exports because of a North American shale gas glut has gathered headlines lately, the equally fast appearance of East Africa as a potential LNG hub to supply Asia has been just a blip on the radar of Australian LNG companies and analysts. A hefty 100 trillion cubic feet of gas resources have been discovered in Mozambique and Tanzania since mid-2010.  Australia‘s massive Gorgon project is the biggest resources development that has been approved with 40 TCF of gas (The Australian).