O&G Exhibition in Africa O&G and P&E Exhibitions in Africa P&E Exhibition in Africa
Back To Home

African Push To Invest In Gas Met With Caution By EU

The EU's big offer at the two-day EU-AU summit was the Global Gateway Africa — a €150bn initiative that, among other goals, aims to connect Africa's mineral wealth to the global market and invest in the continent's electrification, preferably using clean energy.

"Africa is rich in hydropower, solar power and wind power," European Commission president Ursula von der Leyen said on 18th February, at the close of the two-day summit in Brussels.
 
"To end climate change the world needs Africa," she said.
 
The availability of far more power from renewables has been amply demonstrated in Africa, with countries like Kenya and Morocco already significant generators of cleaner energy.
 
Yet for some African countries, the focus may be as much on fossil sources — in particular natural gas.
 
Nigeria, Mozambique and Senegal are sitting on giant natural gas reserves, and they have lobbied hard in recent months for Europe to continue to make financial support available for new gas projects.
 
Macky Sall, the Senegalese president who currently presides over the African Union, has said that cutting off funding for new gas exploration would amount to "a fatal blow" for emerging African countries.
 
European vice president Margrethe Vestager and Nigerian vice president Yemi Osinbajo ahead of the summit agreed to "explore all options for increased supply of Liquified Natural Gas from Nigeria to the EU."
 
That pledge came against a backdrop of Osinbajo writing in Foreign Affairs magazine about wealthy nations banning or restricting public investment in fossil fuels, including natural gas, after "decades of profiting from oil and gas" themselves.
 
But the African push on energy is a difficult matter for the EU, where many member states don't want to be seen investing in gas at a time when climate action is centre-stage.
 
Europe itself also is deeply divided over the role of gas as a transition fuel to a cleaner future.
 
Source : www.abafnz.com
Posted On: 2/22/2022 12:00:00 AM

Exhibitions in Africa

Advertisements

Place Your Add here
gautamsolar
geothermal_association
tcpak.com
INMESOL POWER SOLUTIONS
Oilserv Limited
POWERSPOT
cargostore.com
Energy environment Engineering

Support

Ask your questions by e-mail: here

OGPE Africa

© 2014-2024 | OGPEAfrica © All rights Reserved
Sitemap | Imp_Links | Media Partners

OGPE AFRICA is an industry leading and most reliable directory, news and trade fair information website for power, energy, oil, gas, coal, nuclear, wind, hydropower and solar sector in Africa. OGPE Africa helps you find suppliers, contract tenders, importers, exporters, buyers, sellers, distributers and manufacturers of petroleum and fuel products, connected plant, distributed energy, pipeline and drilling equipment, power plants equipments, oil well equipment, emergency equipment and vehicles, drilling tools & cables, wires, transformers across Africa in Kenya, Uganda, Tanzania, Nigeria, Ghana, South Africa, Ethiopia, Egypt, Mozambique, Zambia, Zimbabwe, Angola, Morocco, Senegal, Rwanda, Congo.

Get In Touch