The Global Energy Monitor, which tracks oil and gas conditions around the world, said that Nigeria, Egypt, Libya and Algeria, may be overtaken by other countries.
The non-governmental organization states that monitoring data shows that 84% of new developing reserves are located in new entrants to the gas market in Africa, including Mozambique, Senegal, Tanzania, Mauritania, South Africa, Ethiopia and Morocco.
The organization revealed that Morocco’s current reserves amount to about 39 billion cubic meters of gas, while Mauritania has 574 billion cubic meters, part of which comes from joint reserves with Senegal, which are estimated at 566 billion cubic meters.
In its report, Global Energy Monitor expects these countries to accelerate the development of gas production in the short term.
It even expects that Mozambique, Mauritania, Tanzania, South Africa and Ethiopia will account for more than half of gas production in Africa by 2038.
By the end of December 2022, the CEO of the British Sound Energy company responsible for oil and gas exploration in Morocco, Graham Lyon, announced in an interview that “Morocco has a great wealth of natural gas reserves, which will help it achieve self-sufficiency, and even move to Exporting gas to international markets.”
Lyon confirmed at the time that “there are two major projects under study and implementation, one of which is related to the supply of liquefied natural gas to the main industrial markets, while the other includes the development of a gas pipeline to supply the electricity markets with gas.”
Global Energy Monitor estimates that realizing projects in African countries, and in order to achieve the expected results by governments, requires investments estimated at $329 billion, which will allow gas extraction and the establishment of appropriate infrastructure for export.
Total new reserves in these countries make up more than 5.138 billion cubic meters, which makes it possible to produce potential emissions equivalent to approximately 11.9 billion tons of carbon dioxide, which is a significant environmental challenge.
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