Asked by Frederik Ebbesen Oil & Gas    Mozambique    Kenya    Ethiopia    South Sudan    Tanzania    Somalia
What is the future prospects of oil and gas producers in East Africa?
Kristian LundProject Manager Væksthus Greater Copenhagen
We have seen quite a few investments in East Africa both by major international companies as well as smaller companies indicating a positive confidence in the industry.

In Tanzania and Mozambique substantial reserves of natural gas have been discovered offshore. Kenya's offshore and inshore exploration and production shows strong development over the next couple of years.

Ethiopia's exploration and production (upstream) and oil & gas infrastructure (midstream) development is set to rise from $47m in 2015 to $432m in 2025.

For more up to date insights on the oil & gas industry in Africa see more at www.africaenergyindaba.com, taking place 16-17 February 2016
Feb 05, 2016
 

Ojvind KrabbeFounder AfricaPace
There are interesting prospects in East Africa – a region that
has been relatively unknown in the oil and gas industry. From Mozambique in the south to South Sudan in the north, exciting discoveries have been made in recent years and could transform the region. According to some estimates, Mozambique could become the third-largest natural gas exporter in the world if the current gas projects are successful. However, some East African projects could be at risk if oil prices remain low for an extended period of time, largely due to the high initial cost of investing in infrastructure to commercialise these region’s hydrocarbon resources. As a result, West Africa is arguably the region in Africa that is most likely to continue to receive large-scale investment if oil prices remain low.

For more up to date insights on the oil & gas industry in Africa see more at www.africaenergyindaba.com, taking place 16-17 February 2016

Feb 06, 2016
 
 
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