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At an Atlantic Council conference on the margins of the UN General Assembly, the Chief Executive Officer, Alain Ebobissé,said Africa50 would play a leading role to help African countries produce clean power.
Already, Africa50 has been investing in solar and thermal power projects in Nigeria, Egypt, and Senegal.
Recognising the disconnect between Africa’s vast natural gas reserves (7.5% of known global reserves) and the continent’s low levels of gas infrastructure, and the resulting low penetration of gas in African economies, Africa50 commissioned a report from EJM Associates to analyse the opportunities and benefits of natural gas development in Africa.
The report explores the scale of potential domestic demand by mid-century, and the technologies that can help increase this demand and the concomitant supply and infrastructure.
With over half of Africans still lacking access to electricity, using natural gas as a power source is particularly important.
Gas is also a feedstock for a large range of industrial products and can help speed up Africa’s much-needed industrialisation. And, for a continent particularly at risk from climate change, natural gas is a clean fuel that will help African countries meet their COP commitments.
However, most gas power plants are limited to coastal areas in countries with large proven reserves, so midstream infrastructure, from pipelines to LNG facilities, are urgently needed.