SPECIAL REPORT: COUNTING THE COST OF EUROPE’S QUEST TO RAMP UP AFRICAN GAS SUPPLIES

SPECIAL REPORT: COUNTING THE COST OF EUROPE’S QUEST TO RAMP UP AFRICAN GAS SUPPLIES

   Thu, 14 April 2022

European countries are engaged in frantic diplomacy with North African states and other African natural gas producers to secure new gas supply contracts in an increasingly competitive market. At least USD 50 billion in new pipeline investments may be signed off this year. Bilateral disputes and long-time Russian affiliations are complicating such efforts and European governments will need to offer concessions on food security, vaccine manufacturing, and climate change targets to secure African support. Large African gas producers such as Algeria, Egypt, Libya, and Nigeria stand to benefit from the global gas supply shock in various divergent ways.