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Europe Looks To African Gas To Reduce Dependence On Russian Imports

Europe Looks To African Gas To Reduce Dependence On Russian Imports

Gas starved Europe looks to Africa for new supplies as E&Ps reconsider shelved projects

Africa is conservatively forecast to reach peak gas production at 470 billion cubic meters (Bcm) by the late 2030s, equivalent to about 75% of the expected amount of gas produced by Russia in 2022, according to Rystad Energy research. In early March, the European Union announced it aims to reduce its dependence on Russian gas .

Europe eyes gas-rich African nations for new supplies, Rystad says

Africa is conservatively forecast to reach peak gas production at 470 billion cubic meters (Bcm) by the late 2030s, equivalent to about 75 per cent of the expected amount of gas produced by Russia in 2022, according to research by Rystad Energy.

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