It’s Time For Africa To Harness Its Natural Gas Potential

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Russia’s invasion of Ukraine has highlighted how finely balanced global energy markets are and how reliant the world is on natural gas.

Africa already has significant natural gas reserves and has the potential to discover and produce significantly more.

Even the ex-UN climate envoy, Mary Robinson, has advocated for the African region to develop its natural gas resources to support the continent’s energy security.

Read more: https://oilprice.com/Energy/Natural...ica-To-Harness-Its-Natural-Gas-Potential.html
 
At present, the Middle East and North Africa (MENA) region provides around 50 percent of oil exports and 15 percent of natural gas exports globally. Oil and gas provide most of the region’s electricity, around 95 percent.

top ten natural gas reserves in the continent are located in Nigeria, with just almost 207 Tcf, Algeria – 159 Tcf, Senegal – 120 Tcf, Mozambique – 100 Tcf, Egypt, 77 Tcf, Tanzania – 57.5 Tcf, Libya – 53 Tcf, Angola -13.5 Tcf, Congo – 10 Tcf, and Equitorial Guinea – 5 Tcf. However, there is great potential for further exploration and more natural gas discoveries across the largely underexplored region.

Nigeria is the 12th largest petroleum producer in the world and already has a well-established oil and gas sector, overseen by the Department of Petroleum Resources. Oil contributes around 7.5 percent to the country’s GDP, with an average oil production of 1.42 million bpd in May. Extensive exploration of the country’s oil regions has supported the development of the natural gas industry, allowing for a better understanding of the country’s reserves. The Nigerian Liquefied Natural Gas (LNG) Company, established in 1989 is the main national producer of Liquefied Natural Gas (LNG) and Natural Gas Liquids (NGLs).

In contrast, there are several new players in the African oil and gas market. Numerous discoveries between 2014 and 2017 in Senegal have put it on the path to becoming a major oil and gas producer over the next few years.
 
anatta said:
At present, the Middle East and North Africa (MENA) region provides around 50 percent of oil exports and 15 percent of natural gas exports globally. Oil and gas provide most of the region’s electricity, around 95 percent.

top ten natural gas reserves in the continent are located in Nigeria, with just almost 207 Tcf, Algeria – 159 Tcf, Senegal – 120 Tcf, Mozambique – 100 Tcf, Egypt, 77 Tcf, Tanzania – 57.5 Tcf, Libya – 53 Tcf, Angola -13.5 Tcf, Congo – 10 Tcf, and Equitorial Guinea – 5 Tcf. However, there is great potential for further exploration and more natural gas discoveries across the largely underexplored region.

Nigeria is the 12th largest petroleum producer in the world and already has a well-established oil and gas sector, overseen by the Department of Petroleum Resources. Oil contributes around 7.5 percent to the country’s GDP, with an average oil production of 1.42 million bpd in May. Extensive exploration of the country’s oil regions has supported the development of the natural gas industry, allowing for a better understanding of the country’s reserves. The Nigerian Liquefied Natural Gas (LNG) Company, established in 1989 is the main national producer of Liquefied Natural Gas (LNG) and Natural Gas Liquids (NGLs).

In contrast, there are several new players in the African oil and gas market. Numerous discoveries between 2014 and 2017 in Senegal have put it on the path to becoming a major oil and gas producer over the next few years.
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The Middle East is also home to some of the world’s biggest natural gas fields. Located in the Persian Gulf, the South Pars/North Dome field is the world’s largest natural gas field, co-owned by Iran and Qatar. North Pars, Kish, and Golshan are the other major gas fields in the region.

The Middle East holds the largest proved natural gas reserves by region in the world.
https://www.nsenergybusiness.com/features/largest-natural-gas-reserves-middle-east/
 
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