The publication gives insight into EY’s contribution towards market trends, the mobility of global resources and its points of view on relevant key sector issues in the natural gas sector. It also projects a new positive outlook for the global future of natural gas, as a function of assumptions around natural gas use in Africa; greater use of natural gas in transportation; slower growth in global nuclear power and most critically, a more optimistic outlook for natural gas supply.
It describes Africa as a small but growing part of the global gas picture, and that its prospects have a lot of potentials. The publication also identifies that natural gas development holds a tremendous opportunity for Africa, and can be a strong prime mover for broader economic and social development.
However, the report forecasts a growing role for natural gas in the world’s energy mix-with the natural gas share growing from 21% in 2010 to 25% in 2035; natural gas the only fossil fuel whose share was growing.
According to the publication, Africa’s Golden Age of Gas will be more than just headline opportunities for the NOCs, the deep-pocketed oil and gas majors, their big international E&P counterparts and the well-known African oil and gas specialists.
Concise, straight to the point and detailed, the publication is a comprehensive material for anyone looking to research on what the future holds for Africa in Natural gas exploration.
However, this report fails to highlight the prospects of renewables complementing natural gas; and the effective economic and environmental benefits in delivering clean, secure and low-cost energy in Africa and the world at large.