In its latest Africa Energy Outlook 2021, the African Energy Chamber forecasts increased gas monetisation across the continent on the back of decarbonisation and industrialisation drive.
The African Energy Chamber has notably found that while not insulated to COVID-19, gas markets have been less exposed than that of oil to the shocks of 2020, notably because the transportation industry has been the most affected by COVID-19 and is more oil-demanding than gas.
Nigeria for instance has declared 2020 the Year of Gas and adopted a new gas transportation network code this year, and Senegal embarked this year on a gas pipeline network project to construct a 155km national gas grid…
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