Ocnus.Net
News Before It's News
About us | Ocnus? |

Front Page 
 
 Africa
 
 Analyses
 
 Business
 
 Dark Side
 
 Defence & Arms
 
 Dysfunctions
 
 Editorial
 
 International
 
 Labour
 
 Light Side
 
 Research
Search

Africa Last Updated: May 6, 2022 - 11:36:09 AM


Can Africa Offer An Alternative To Russian Gas?
By Zerohedge, 5/5/22
May 5, 2022 - 3:04:09 PM

Email this article
 Printer friendly page

Europe is turning to Africa for help with weaning them off their dependence on Russia’s natural gas supply, as the war in Ukraine continues to escalate.

 

It’s a move supported by Akinwumi Adesina, the head of the African Development Bank, who said in March, "Europe is looking for alternative sources of gas supply. This can be in Africa."

Now, Italy is conducting a diplomatic campaign to discuss the possible diversification of its energy imports, having carried out visits to Algeria and Egypt before Easter, followed by Congo and Angola this month.

Infographic: Can
                      Africa Offer an Alternative to Russian Gas? |
                      Statista

You will find more infographics at Statista

As Statista's Anna Fleck details in the infographic above, the continent's largest natural gas exporters by far are Algeria and Nigeria, each with between 35,000 and 40,000 million cubic meters shipped abroad in 2020 (ranked 7th and 8th globally). Last year, these countries were the only two African suppliers of gas to the European Union, accounting for 17 and 4 percent of the EU's natural gas imports, respectively.

The other major players in the region are Egypt, Libya, Equatorial Guinea, and Angola.

While countries in sub-Saharan Africa have gas reserves, they have not had the interest from abroad and investment needed for the industry to open up access to Europe, according to Al Jazeera.

Three pipelines currently bring natural gas from Africa to Europe:

  • the Transmed, which allows the export from Algeria to Italy (via Tunisia),

  • the Medgaz, which connects Algeria to Spain under the sea,

  • as well as the Greenstream, more modest in capacity, which connects Libya to Sicily.

Due to diplomatic tensions with Morocco, Algeria closed the Maghreb-Europe (GME) pipeline, which passes through its neighbor's territory, last October.

From 2027, the NIGAL pipeline is expected to transport natural gas from Nigeria (which exports mainly by sea), but construction of this pipeline has not yet begun.


Source:Ocnus.net 2022

Top of Page

Africa
Latest Headlines
The unseen trial of Congo’s “phantom spymaster” and what it means
Congo: Accounting For The Corruption
Libya’s Escalating Power Struggle
DRC: Inside the Tshisekedi family; the people and players
How Patrice Lumumba’s assassination drove student activism, shaping the Congo’s futurer
Russia's Escalating Influence in Africa
New Alignments Emerge Among Al-Qaeda’s West African Affiliates
UN-Brokered Talks on Libya Elections Resume in Cairo
Nigeria: Road Warriors And Highway Robbery
Nigeria 2023: How a Lagos godfather crushed the opposition