Can Africa secure the energy supply to Europe?

The discourse on Energy Transition became even more interesting at the onset of the Russian - Ukraine war. Europe had a sudden clear case of how much still needs to be done to achieve a carbon-neutral stance and less reliance on hydrocarbon supply from Russia. 

The question is – will Europe look over to Africa for the security of supply? Italy, in association with ENI has had a couple of roadshows in Africa, ensuring the security of gas supply from Algeria, Nigeria, Egypt, Angola, and Congo – Brazzaville. Also, several previously delayed gas projects are now progressing such as the Mozambique LNG projects.

Africa – a hydrocarbon-laden continent with infrastructural challenges has experienced several onshore exits by Majors/IOCs in recent times, in countries such as Nigeria. Examples are Exxon Mobil and Shell. This is a wake-up call for indigenous players to get booked and busy! 

It is time for Africa to realize and harness her full resource-rich potential, whilst mapping out a just Energy Transition supported by sustainable investment.

Bimbola Kolawole
Senior Business Development Manager,
Africa

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