The countries of the European Union will have to look for a place to replace Russian gas in the event of a decrease or complete cessation of supply; Gas reserves in Africa are considered as an alternative. Sergey Kolobanov, deputy director of the Center for Strategic Research “The Economy of the Fuel and Energy Complex”, told about this in an interview. “Hitting the Primer”.
On the African continent, the main gas reserves are concentrated in Algeria (18% of the total in Africa), Egypt (17%), Libya (11%) and Nigeria (43%).
Mozambique may also have sufficient resources, according to the International Energy Agency (IEA). However, Kolobanov noted that the main gas reserves of this country are located on the deep water shelf, which complicates and increases the cost of developing and developing areas.
It is assumed that the export potential of African countries can grow by 15-25 billion cubic meters, this figure may be higher, but the continent also increases its energy consumption. Kolobanov expressed the view that the main increase will come from liquefied natural gas (LNG) supplies from African countries far from Europe.
Former Deputy Prime Minister Alexander Novak declarationThe European Union is unlikely to replace Russian oil and gas in the next 5-10 years.
The Deputy Prime Minister added that the European Union is examining the possibility of purchasing hydrocarbons from the United States, Qatar, Algeria, Saudi Arabia, Kuwait, South America and South Africa.
Source: Gazeta
Barbara Dickson is a seasoned writer for “Social Bites”. She keeps readers informed on the latest news and trends, providing in-depth coverage and analysis on a variety of topics.