Financing Africa’s energy, oil and gas development requires significant investment and policy coordination, with risk management and insurance playing crucial roles.
The Gas Exporting Countries Forum (GECF) sees tight global liquefied natural gas (LNG) markets until 2026 as demand rises 1.5% this year and up to 22% through 2050, the group s secretary general said on Monday.
Africa needs to develop its oil and gas resources along with clean energy as a means of energy poverty alleviation and acceleration of energy transition.
Even though this is a historic agreement in that for the first time it commits to “transitioning away from fossil fuels”, it still leaves a role for oil and gas in future energy systems for a long time to come. [Gas in Transition, Volume 3, Issue 12]
The International Energy Agency has for the first time forecast in all its outlook scenarios that use of oil, gas and coal will all peak before the end of the decade. [Gas in Transition, Volume 3, Issue 11]