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Nigeria: Investments in the Gas Sector [Business Africa]

Business Africa

<p><strong>The gas sector is doing well in Nigeria, the country announces a production of 30 million tons per year over the next few years.</strong></p> <p>Africa could supply up to 20% of the world’s natural gas needs by 2025. This is according to the latest report of the African Energy Chamber on Africa’s Energy Outlook for 2020. </p> <p>Discoveries in several countries in recent years show nearly 200 billion cubic feet of gas reserves, enough to supply two-thirds of current global demand for 20 years. </p> <p>And Nigeria could well become Africa’s largest gas producer, with a predicted capacity of 30 million tonnes of liquefied natural gas per year. </p> <p>Jeff Mbanga, an online oil and gas analyst based in Kampala, Uganda, explains the continent’s potential and the different methods of economic diversification.</p>