Africa must use gas to drive economy

Africa countries need to use their gas reserves to lift more people out of poverty and build industry as they try to catch up with more developed countries even while the world seeks to cut emissions, some industry officials said on Tuesday.

Africa holds around 13 percent of the world’s natural gas and 7 percent of its oil but has the world’s lowest per capita energy use.

Renewables could play a major role in Africa’s energy supply in future but African governments say they need fossil fuels for baseload power generation for industry.

Osama Mobarez, secretary general of the East Mediterranean Gas Forum, told Reuters at an energy conference in Abu Dhabi that Africa accounted for about 3 percent of global energy consumption and less than 3 percent of emissions.

“Africa needs to have better living standards and at the same time several African countries during the last few years have discovered a lot of gas and they need to develop this gas to have better lives for their people and also for industrialisation,” he said.

Africa needs to build oil and gas pipelines, liquefied natural gas (LNG) terminals, distribution hubs and gas-fired power plants over the next 20 years to unlock its energy market with more than 600 million people, analysts say.

Energy demand is expected to grow rapidly over the next two decades, rising 30 percent from today’s levels, compared with a 10 percent rise globally, consultancy McKinsey said in a report. — Reuters

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