Africa Urged to Leverage Gas Reserves for Economic Development
Industry officials emphasize the necessity for African nations to utilize their gas reserves to enhance industrialization and reduce poverty, amid a backdrop of global emissions reduction efforts.
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African countries must develop their gas reserves to foster economic growth and industrialization, according to industry officials. The continent possesses approximately 13% of global natural gas and 7% of oil, yet has the lowest per capita energy consumption worldwide.
Energy demand in Africa is projected to increase by 30% over the next two decades, contrasting with a 10% rise globally. Analysts advocate for building infrastructure such as pipelines and LNG terminals to support this growth. While renewable energy has potential, leaders caution that fossil fuels remain necessary for reliable power generation to drive industrialization.
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