The International Association of Oil and Gas Producers (IOGP) confirmed that Africa holds more than 500 trillion cubic feet of proven gas reserves, with three main producers:
Algeria, Egypt and Nigeria, the association said in a report obtained by the Italian agency NOVA.
While production remains flat, indigenous demand for African gas continues to rise. As a result, the
IOGP Production Indicator for gas is down to 150%, meaning that Africa now consumes about two
thirds of its produced gas. In 2006, the region consumed only 45% of its own gas.
Commenting on the future of gas in Africa, Antonio Vella, Chief Upstream Officer of Eni, says: “As
the largest oil and gas investor in the continent, ENI is producing gas across the region: from
Ghana to Egypt from Congo to Mozambique, where offshore resources are very promising.”
In particular, he adds, “The whole of West Africa is an area of interest for gas exploration and
production. Gas is giving Africa a valuable opportunity to support economic growth by building a
more sustainable energy mix. It can effectively help bring energy to the many people who still lack
basic access to it, while triggering a real industrial development.”