Browsing: Africa’s natural gas industry

Africa’s economy thrives mainly from agriculture, trade and human resource. For years these three have dominated Africa’s market, but in recent years researchers have found that Africa’s abundant natural resource also includes Natural gas. This discovery later revolutionized Africa’s economy as a select few countries have significantly profited from its exportation and use.

Here is an outlook demonstrating how Africa’s natural gas production is an energy solution that can propel its entire economy to new heights.

Understanding Natural gas and its uses

Before further elaborating on how Africa’s natural gas resources are the envy of other continents, we must first understand the context behind this energy solution and why it is so important.

What is Natural Gas

Natural gas is a mixture of gas which is potent in hydrocarbon. These gases(methane, nitrogen, carbon dioxide, etc.) are naturally found in the air. However, they are mainly far less potent to process. …

For practical reasons, European gas buyers need to find a way to make up for the supplies missing from Russia. And for both policy and practical reasons, Brussels wants to deny Moscow the opportunity to continue using gas supplies as a blunt instrument with which to threaten Europe in the future.

The change isn’t going to be immediate. Reducing Russia’s profile in the EU’s energy mix will take time. But the process of supply reduction is underway, and it has already opened up new opportunities for African gas producers to acquire market share in Europe. I expect those opportunities to last beyond the near term as the EU attempts to establish a new combination of gas suppliers to replace Russia over the next few years. 

I also hope Africa’s emerging gas producers take advantage of new LNG technologies, such as the modular Fast LNG solutions offered by New Fortress Energy …