- Natural gas reserves in Africa are estimated at 620 trillion cubic feet. Nigeria, Algeria, and Senegal have the biggest deposits.
- Algeria is Africa’s foremost natural gas exporter. It is also a potential bridge to Europe’s energy reliance, with existing trans-Mediterranean gas pipelines and upcoming projects.
- On a global scale, there is rising demand for natural gas, and Africa, with its substantial resources, must actively participate.
The recent formalization of an agreement to advance what is being hailed as South Africa’s most substantial liquefied natural gas (LNG) endeavor in the Mpumalanga province underscores the potential of natural gas as a viable energy source for the nation.
This accord, described as a “non-binding term sheet,” represents a collaboration between South Africa’s Industrial Development Corporation (IDC) and Afro Energy. The latter is a subsidiary of the Australian gas exploration company Kinetiko Energy.
The project is expected to initially produce 50MW of equivalent energy. …
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