Browsing: New global alignment

Can African gas replace Russian supplies to Europe? The landfall facilities of the 'Nord Stream 2' gas pipeline in Lubmin, northern Germany. www.theexchange.africa
  • The war in Ukraine has shown how dependent Europe is on natural gas for power. Before the conflict broke out in February this year, Russia supplied up to 40 per cent of Europe’s gas requirements.
  • As Russia cuts supplies, these nations are rushing to strike deals in Africa as prices soar.
  • Significant investments are needed to build Africa’s trans-regional and intercontinental pipelines to open up access to Europe

The global realignment triggered by the war in Ukraine ushered in a period of transition on the African continent. The current conflict exposed and exacerbated tensions in international agricultural commodity markets existing amid the COVID-19 pandemic. Import-dependent countries with low per capita incomes are particularly vulnerable to shocks occurring amid the war in Ukraine, which further increase their risk of food insecurity.

The agricultural sector is not the only one that is experiencing disruptions; the global energy sector is suffering the same …