Africa: potential new energy market

African countries have some of the world’s deepest gas reserves. President Hassan said Russia’s invasion of Ukraine is an opportunity for gas sales: Tanzania aims to secure a new energy market outside Africa and has been working with Shell to utilise their vast offshore gas resources and export elsewhere. He said, ‘Whether in Africa, Europe or America, we are looking for markets.’ Nigeria, Africa’s largest gas producer, has similar plans. They intend to build a trans-Sahara pipeline, taking their gas to Algeria and Europe. They recently signed an agreement with Algeria and the Niger Republic to construct the 381-mile-long Trans-Saharan Natural Gas Pipeline, beginning in northern Nigeria. However there are concerns over the historic lack of investment in gas infrastructure that has hampered the energy industry. Many African countries with massive gas reserves have struggled to attract investment to build gas infrastructure projects that would have supplied the European market. Ask God to use the current Russian gas situation to take many African nations out of poverty.

Pray: for honest and fair investment, wise and fruitful incentives, and up-to-date technical support to be released into this new energy market. (Proverbs 27:17)

More: www.aljazeera.com/economy/2022/3/1/analysis-can-african-gas-replace-russian-supplies-to-europe