Arabian Gazette: East Africa: The New Global Energy Hot Spot

East Africa is undergoing a major transformation to become a new world-class player on the energy market. By 2025, East Africa is expected to experience an incremental production growth of nearly 1 million barrels per day (b/d), led by Mozambique and Tanzania.

With the highest number of gas discoveries between 2010-2013 in East Africa, accounting for more than 25 percent of added reserves worldwide –and as the largest contributor, with over 50 percent of total regional M&A (mergers and acquisitions) value in 2013 – the region comes to the fore of international openness to investment, boosting its attractiveness and competitiveness, according to new analysis from IHS Inc., the leading global source of critical information and insight.

According to the US Energy Information Administration (EIA), “Mozambique has become one of the most promising countries in Africa in terms of natural gas and coal resources.”
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