All Africa: Nigeria Loses Gas Investments to Other African Countries - - Report

Nigeria remains Africa's largest gas consumer and producer, but the focus for new gas projects is shifting to the east coast and to the huge offshore discoveries in Mozambique and Tanzania, the World Energy Outlook Special report 2014 just released has stated.

The World Energy Outlook, recognised as the most authoritative source of strategic analysis of global energy markets said that East coast liquefied natural gas export is helped by relative proximity to the importing markets of Asia.

It explained that natural gas resource-holders can power domestic economic development and boost export revenues, but only if the right regulation, prices and infrastructure are in place.

The incentives to use gas within sub-Saharan Africa are expected to grow as power sector reforms and gas infrastructure projects move ahead but, for the moment, as much gas is flared as is consumed within the region.
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