Top Five Countries Leading Africa’s Natural Gas Revolution
Africa has huge natural gas reserves, which total more than 17.89 trillion standard cubic meters as of 2023, making the continent a potential energy powerhouse. Nigeria leads the way with 5.94 trillion cubic meters, followed by Algeria with 4.5 trillion cubic meters, and Mozambique, Egypt and Libya also have significant reserves. In 2023, African natural gas production will reach 253 billion cubic meters, an increase of 87% since 2000. Algeria, Egypt and Nigeria dominate both production and exports. Europe absorbs most of the continent’s 109.3 billion cubic meters of exports, particularly from North African countries such as Algeria due to their proximity. Despite the vast potential of natural gas and growing global demand, challenges such as outdated infrastructure and stagnant production may hinder Africa’s ability to fully exploit these resources. Africa’s energy reserves are expected to last another 55.7 years, so Africa’s energy future depends on effectively addressing these obstacles.
source: business insider
