Monetizing Gas Africa
Monetizing Gas Africa (MGA) is an investor, developer and operator of gas infrastructure in Sub-Saharan Africa. [1] [2]
History[edit]
Origins[edit]
MGA was founded in Cape Town, South Africa in 2014 by Ebrahim Takolia and Rod MacAlister, who joined in 2015.
Gas Reserves: Africa’s proven gas reserves total more than 650 Trillion Cubic Feet (Tcf), 18.4 billion m3, with more than 360 Tcf, 10.2 billion m3, in Sub-Saharan Africa.[3] Less than 10% of these reserves are developed, with production in Africa at 6.7 Tcf per annum, 0.2 billion m3, and Sub-Saharan Africa at 1.7 Tcf, 0.05 billion m3.
Africa has a significant energy deficit: for heating; mobility and electricity. The World Bank has declared 32 of the 48 nations on the continent to be in an energy crisis. Natural Gas can make a material difference to this energy deficit by serving as a lower carbon alternative to mitigating this energy crisis; firstly as a transition fuel to a lower carbon energy future;[4] and secondly in support of renewable electricity.
Electricity: Currently, one in three Africans has access to electricity and for those who do, power outages can be common as cash-strapped utilities struggle to maintain steady, reliable supply due to a lack of investment in their aging infrastructure. It is possible to make Sub-Saharan Africa’s struggling power utilities financially viable and at the same time make electricity access affordable for the 600 million Africans with no electricity.[5] A key ingredient in Africa’s energy mix is, and will continue to be, clean natural gas. Natural gas and liquified natural gas (LNG)projects have the potential to generate essential electricity quickly, and at reasonable prices. Gas-fired power plants also work well alongside other generation technologies, and their replacement of fuels like diesel and kerosene contributes to a healthier environment.[6]
Pipelines and CNG: Two cross-border gas pipelines exist in Sub-Saharan Africa; The West African Gas Pipeline,(WAGP) which supplies gas from Nigeria's Escravos region of the Niger Delta area to Benin, Togo and Ghana and The Republic of Mozambique Pipeline Investments Company (ROMPCO) pipeline, which supplies gas from Mozambique into South Africa. In Africa, the compressed natural gas (CNG) market is untapped and there is a relatively high demand for CNG in both industrial and commercial markets, due mainly to supply and cost efficiency.[7]
LNG and Floating Liquefied Natural Gas (FLNG): represent significant potential for Africa to access the global sea-borne LNG market, which in 2017 achieved another record-breaking year for LNG trade.[8]
To leverage the significant potential in electricity generation, pipeline gas, CNG, LNG and FLNG; and to fulfil both Africa's energy demand and global demand for natural gas which is expected to grow 69% by 2040 to 203 Tcf,[9] MGA’s main objective is to link markets (exports, imports and domestic consumption) through investments in midstream infrastructure in Sub-Saharan Africa.
References[edit]
- ↑ https://www.esi-africa.com/natural-gas-energy-mix-brings-s-africa-line-global-trends/ Cape Town, 28 June 2016. Retrieved on 30 January 2019.
- ↑ https://africaoilandpower.com/2016/12/01/changing-the-gas-game/ Cape Town, 2017. Retrieved on 30 January 2019.
- ↑ U.S. Energy Information Administration (EIA), International Energy Statistics 2018
- ↑ International Gas Union World LNG Report 2018
- ↑ The World Bank Group Making Power Affordable for Africa and Viable for Its Utilities. Retrieved October 08, 2018
- ↑ USAID Power Africa Gas Roadmap to 2030
- ↑ "Getting down to business – CNG in southern Africa | Infrastructure news".
- ↑ International Gas Union World LNG Report 2018
- ↑ https://www.eia.gov/outlooks/ieo/pdf/nat_gas.pdf
Notes[edit]
Monetizing Gas Africa[edit]
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