Facing an energy crisis, European leaders are looking to Africa for supplies outside Russia. The continent has major natural gas reserves, but some producers face infrastructure and security challenges.
, is bracing for the possibility of a complete Russian cutoff but has still managed to fill gas reserves to 90%.European leaders have flocked to countries like Norway, Qatar, Azerbaijan and especially those in North Africa, where Algeria has a pipeline running to Italy and another to Spain.in July, a month after Egypt reached an agreement with the European Union and Israel to boost sales of LNG. Angola also has signed a gas deal with Italy.
“Russia has an annual production of 270 billion cubic meters — it’s huge,” Kaoubi said. “Algeria is 120 billion cubic meters, of which 70.50% is intended for consumption on the internal market.”This year, Algeria is forecast to have piped exports of 31.8 billion cubic meters, according to Tom Purdie, a Europe, Middle East and Africa gas analyst with S&P Global Commodity Insights.
Prime Minister Mostafa Madbouly says Egypt hopes to bring in an additional $450 million a month in foreign currency by rerouting 15% of its domestic gas usage for export, state media reported. Many fear that even if completed, the Trans-Sahara Gas Pipeline would face security risks like Nigeria’s oil pipelines, which have come under frequent attacks from militants and vandals.
In the south, Mozambique is slated to become a major exporter of LNG after significant deposits were found along its Indian Ocean coast in 2010. France’s TotalEnergies invested $20 billion and started work to extract gas that would be liquefied in a plant it was building in Palma, in the northern Cabo Delgado province.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
EU countries seek way out of impasse over gas price capsThe question of how, when and whether to cap gas prices is set to dominate another meeting of European Union countries on Wednesday, as they pursue a joint plan to target high gas prices - a compromise that has eluded them for weeks.
Leer más »
Dapper Labs Halted Servicing Russians Following Latest EU SanctionsBlockchain firm Dapper Labs followed the EU's example and imposed restrictions on Russian accounts.
Leer más »
Paris' renowned shops and monuments will plunge into darkness early amid 'energy sobriety' pushParis will be much darker this winter, with the government calling for a 10% reduction in energy usage as Europe faces a deepening energy crisis without Russian gas.
Leer más »
In a land of spas, Hungary's cave bath falls victim to soaring gas pricesStaff turned off the lights and started draining the pools at Hungary's famous Miskolctapolca cave baths on Monday, after the centuries-old attraction succumbed to a modern-day crisis - soaring gas prices.
Leer más »