East Africa: Global Oil & Gas Export Hub by 2020?
This opinion piece presents the opinions of the author.
It does not necessarily reflect the views of Rigzone.
East Africa could become the world’s next oil and gas export hub by 2020. There are three countries with ambitions to make this a reality; Kenya, Mozambique and Tanzania. If even one of these countries achieves its goals, the impact on the global oil and gas industry would be very significant indeed.
The landscape of African oil and gas has changed very little in the last 20-plus years. Historically, it has been the more economically developed Western and Northern countries that have produced the most oil and gas. Only Angola has stepped out of relative obscurity since 1990.
Angola is the only country in the last 25 years to have increased production from under 500 barrels per day (bbl/d) to rival the continent's biggest four producing countries: Algeria, Nigeria, Libya and Egypt. Every other country in Africa produced 100,000 barrels of oil equivalent per day (boe/d) or less in 2012. African oil exports have therefore been restricted to coming from four of these five countries as well; Egypt is the only one of the big producers to import more oil than it exports.
123
View Full Article
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
- ExxonMobil Racks Up Discoveries in Guyana Block Eyed by Chevron
- Oil Market Sentiment Has Improved Significantly
- EU, US Eye Collaboration on Nuclear Materials
- USA Driving Activity to Increase to All-Time Highs
- TC Energy to Sell Prince Rupert Gas Pipeline Project to First Nation
- EU Electricity Export to Ukraine Up 94 Percent in Two Years
- China Coal Output Falls for First Time since Government Ordered More
- BP Pulse Buys One of Europe's Largest Truck Stops
- UK CCUS Plans Outdated: Think Tank
- North America Enters Rig Loss Streak
- Norway Regulator Blasts Proposal to Halt New Oil and Gas Permits
- Chinese Mega Company Makes Major Oilfield Discovery
- EIA Drops 2024 Henry Hub Gas Price Forecast
- EIA and Standard Chartered Offer Up Latest Oil Price Predictions
- Red Sea Region Sees Another Watershed Incident
- Chevron Oil Project in Kazakhstan to Cost $48.5B
- OPEC Voices Encouragement after IEA Affirms Support for Oil Security
- Biden Govt Bares Strategy for Freight Charging, Hydrogen Fueling Infra
- Ukraine Hits Third Russian Refinery In Escalating Drone Strikes
- Rystad Looks at the Buzz Around White Hydrogen
- VIDEO: Missile Attack Kills Crew Transiting Gulf of Aden
- Norway Regulator Blasts Proposal to Halt New Oil and Gas Permits
- Chinese Mega Company Makes Major Oilfield Discovery
- What Is the Biggest Risk to Offshore Oil and Gas Personnel in 2024?
- Is Peak Oil Demand Close?
- Vessel Sinks in Red Sea After Missile Strike
- JP Morgan, Standard Chartered Reveal Latest Oil Price Forecasts
- Exxon Rights in Stabroek Do Not Apply to Hess Merger with Chevron: Hess
- Rystad Forecasts Net Production of Top Permian Producers in 2024
- Analysts Reveal Latest Oil Price Outlook Following OPEC+ Cut Extension