Europe Looks To African Gas To Reduce Dependence On Russian Imports

europe looks to african gas to reduce dependence on russian imports

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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 by two-thirds by the end of this year alone and is currently headed for a supply crunch that will reverberate around the globe. Even with the number of gas projects being developed or currently delayed, Africa still has significant…

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Europe Looks To African Gas To Reduce Dependence On Russian Imports

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OILPRICE Europe Looks To African Gas To Reduce Dependence On Russian Imports 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 by two-thirds by the end of this year alone and is currently headed for a supply crunch that will reverberate around the globe. Even with the number of gas projects being developed or currently delayed, Africa still has significant…

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