African gas is the one fossil fuel that has experienced dramatic growth over many years. Approximately 50% to 100% growth potential in gas, and proved reserves of natural gas in Africa are estimated at around 14 trillion cubic meters (tcm).

African gas reserves are about 7.5% of the world’s total, while technically recoverable reserves of natural gas in Africa are substantially higher, with a projection of 74 tcm, almost 10% of the world’s total. 

background_africaArican gas production reached about 203 billion cubic meters (bcm) in 2011, and has been growing by about 4% om a yearly basis since the year 2000.

The recent natural gas discovery off the coast of Mozambique has unleashed major opportunity for the East African country as well as for Southern Africa, particularly with the development of a gas fired power plant to supply electricity to South Africa and Mozambique.

According to reports, fracking in South Africa could be a game changer for the country by delivering cheap fuel to a wave of new gas-fired plants and replacing the country’s dependence on coal.

source

CA Oil & Gas