A Burgeoning Domestic Market and the Scramble by Gas Importers
We are in the middle of a scramble for Africa’s gas resources by Europe. We warn that the rush is only for the short to medium term.
No one should stretch the assumption that European decarbonization will be held up for an inordinately long period of time.
It is also a period when the continent’s largest producers (Egypt, Algeria and Nigeria) are demanding more gas in their economies.
We highlight the issues around both the European scramble and African domestic needs, but we strive as much as possible to provide a market intelligence -led perspective to all sides.
ENI, the Italian explorer and producer, is crisscrossing the continent, signing deals, inaugurating projects, and drilling prospects aimed at evacuating gas to Europe; Equinor “suddenly” agrees to come to the negotiating table for FID on Tanzanian LNG; and the once reluctant bp will do more gas projects in Northwest Africa.
Nigeria locates increased domestic demand in the declaration of a decade of gas. Senegal, Mauritania and Mozambique, with low industrialization and little homegrown appetite for gas, see income from export mostly feeding the treasury.
Our STEPPING ON THE GAS ANNUAL 2022 also contains the traditional features: updated activity maps of Angola, Ghana and Mozambique. Crude oil export data (operating company level) for Angola. Rig activity spreadsheets for Angola and Nigeria. Oil and Gas production listings for Nigerian indigenous companies and Activity maps of Marginal Fields and Independents.
The Africa Oil+Gas Report is the primer of the hydrocarbon industry on the continent. It is the market leader in local contextualizing of global developments and policy issues and is the go-to medium for international corporations, local entrepreneurs, technical enterprises or financing institutions, for useful analyses of Africa’s oil and gas industry. It has been published by the Festac News Press Limited since November 2001, and, since the COVID -19 season, as a monthly digital (pdf) publication, delivered to subscribers around the world. Its website remains www.africaoilgasreport.com and the contact email address is firstname.lastname@example.org. Contact telephone numbers in our West African regional headquarters in Lagos are +2347062420127, +2348036525979, +2348023902519.