Europe’s wartime energy crisis to ignite gas demand in Africa

Source: ESIafrica

The European Commission’s REPowerEU plan is to reduce demand for Russian gas by two-thirds in 2022 and make Europe independent from Russian fossil fuels by 2030.

In 2021 the European Union (EU) imported 155 billion cubic metres of natural gas from Russia, close to 40% of its total gas consumption. Constraints on Russian oil and gas will inevitably ignite the search for new supplies in Africa, the most unexplored region globally.

Already in mid-February, on the sidelines of the EU-African Union (AU) summit, Tanzania’s President Samia Suluhu Hassan said tensions in Ukraine were generating growing interest in the country’s gas reserves – the sixth-largest in Africa.

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Source: ESIafrica

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