Africa’s Natural Gas Production & Development
Natural gas in Africa continues to show significant growth, with new hydrocarbon regions evolving at a major pace.
Bulky gas discoveries in Mozambique and Tanzania have made it clear to the world that East Africa is as an emerging oil and gas player within the global industry. 502 trillion cubic feet (Tcf) is the estimated amount of proven natural gas reserves within this region with a whopping 90% of Africa’s annual natural gas production originating from Nigeria, Libya, Algeria and Egypt.
As the African Oil & Gas Industry regulatory system stands today, there are some challenging barriers that oil and gas firms need to overcome. Aspects touching on operational planning need to be thoroughly examined if African countries and their leaders want to maintain economic development. For this to happen successfully, political leaders must embrace demand growth, infrastructure requirements, investment needs and potential, long-term strategies.
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