African oil production is expected to fall steadily to 2030
Africa's upstream to feel transition squeeze
The continent’s oil production will decline in the 2020s while gas production will increase before starting to slip, according to the IEA
African crude output will decline this decade while gas production will make short-term gains before also starting to fall, according to the IEA’s Africa Energy Outlook 2022. The agency’s projections are based on a “sustainable Africa scenario”, in which the continent meets all of its energy-related development goals—including universal access to power by 2030 and the various national net-zero pledges and Nationally Determined Contribution (NDC) goals—and the rest of the world follows suit. But the IEA admits that “making this scenario a reality is a formidable task”. Export dependency The prospects for Africa’s oil production “hinge primarily on exports”, the IEA emphasises, and so are “gre
Also in this section
16 September 2024
The third part of our fourth chapter on the history of oil takes the story of gas to the present day with the rise of LNG and the creation of a truly global market
16 September 2024
Gas is difficult to move compared with oil, requiring additional infrastructure. The second part of our history of gas examines how expanding pipeline networks made it possible to monetise the fuel
16 September 2024
The first part of our fourth chapter on the history of oil looks at the origins of gas and LNG—once considered a nuisance, now a fuel of the future
13 September 2024
The Ukraine–Russia gas transit and interconnection agreements are due to expire at the end of this year, but despite some uncertainty, Europe seems well-prepared
