Nigeria, others, to attract $103b gas investment in 2019
August 22, 2019
9:51 pm
Nigeria, Egypt, South Africa, Mozambique, Senegal, and Mauritania have been identified as African countries that will spur investment in Liquefied Natural Gas (LNG) on the continent to about $103 billion this year.
Holding about 7.1 per cent of proven global gas reserves, a report yesterday, from the 5th Gas Summit in Malabo, Equatorial Guinea, said the continent will contribute nearly 10 per cent of global LNG production growth through to 2024.
It added that on the demand side, Africa’s large, urbanised and industrialised societies of the future would require reliable and sustainable power generation.Citing greenfield investments in Nigeria, Egypt, Mozambique, …
