Subscribe free to our newsletters via your
. Military Space News .




OIL AND GAS
Report: East Africa new energy 'hot spot'
by Daniel J. Graeber
Las Vegas (UPI) Nov 7, 2014


disclaimer: image is for illustration purposes only

East Africa is the new "hot spot" for the energy market, with natural gas positioning the region as the new premier player, analysis from IHS finds.

Analysis released from Nevada finds East Africa is expected to add another 1 million barrels per day in production by 2025, led by Mozambique and Tanzania. More recently, the region is home to more than 25 percent of the natural gas discoveries made worldwide between 2010-13.

"East Africa is the new hot spot," Stanislas Drochon, director Africa oil and gas at IHS Energy, said in a Thursday statement.

Drochon said the region is going through a transformative phase and could emerge as a crucial player in the global energy sector, though a lack of infrastructure and a weak regulatory framework could drag on East African growth potential.

Italian energy company Eni is one of the major players in Mozambique and estimates a reserve potential of at least 85 trillion cubic feet of gas in place. The company said it was eager to help Mozambique become a hub for liquefied natural gas exports to Asian economies.

BG Group, a British company, said its most recent appraisal well off the coast of Tanzania yielded a sustained gas flow rate of 101 million cubic feet per day. A similar well last year flowed at 57 million cubic feet per day.

"Gas and LNG production will become a dominant revenue generator in East Africa," Natznet Tesfay, head of Africa at IHS Country Risk, said. "The accelerated growth in the gas sector will outsize the previously important coal sector, but we are unlikely to see an immediate increase in employment opportunities and local supply chain expansions."


Thanks for being here;
We need your help. The Space Media Network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceMediaNetwork Contributor
$5 Billed Once


credit card or paypal
SpaceMediaNetwork Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links
All About Oil and Gas News at OilGasDaily.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








OIL AND GAS
Syrian army retakes Shaer gas field from IS: state TV
Damascus (AFP) Nov 06, 2014
Syrian troops backed by pro-regime militiamen recaptured the Shaer gas field in central Homs Thursday, state television reported, a week after Islamic State group jihadists overran parts of it. Citing a military source, state television said the forces had recaptured the field and the surrounding area. The report was also confirmed by the Syrian Observatory for Human Rights monitoring group. ... read more


OIL AND GAS
U.S Navy sending Aegis-equipped destroyers to Japan

U.S. holds test on Aegis tracking capability

Russia to Create Space-Based Ballistic Missile Warning System

LockMart and NGC Deliver Payload for Fourth SBIRS Satellite

OIL AND GAS
Poland to buy short-range missiles amid tensions with Russia

N. Korea researching sea-based missiles: US think-tank

Naval cruise missile set for deployment on French warships

U.S. Navy authorizes building of Common Missile Compartment tubes

OIL AND GAS
Mystery deepens as more drones spotted over French nuclear plants

Airbus DS, DCNS partner to advance unmanned naval helicopter system

Australia to extend lease of unmanned aerial vehicles

Singapore to deploy massive surveillance balloon

OIL AND GAS
Central Asian country orders Harris tactical radios

Canadian military receiving satellite-on-the-move communications system

Canadian military communications getting upgrade

Russia to Orbit 9 MilCom Satellites by 2020

OIL AND GAS
U.S. Army exercises option on BAE self-propelled Howitzers

CACI continues support of night vision, sensor technologies

Microrockets fueled by water neutralize biochem warfare agents

Surplus Department of Defense rolling stock on auction block

OIL AND GAS
U.S. lowers surcharge on Foreign Military Sales program contracts

How spending more on the military could make it weaker

China to keep closer eye on military spending: Xinhua

Sweden's defense export agency faces dissolution

OIL AND GAS
Pentagon spy agency trimmed after lawmakers voice concern

Power struggle plunges Georgia in turmoil

Russian warplanes send 'great power' message: NATO

China stresses Communist party's control over military

OIL AND GAS
Outsmarting Thermodynamics in Self-assembly of Nanostructures

'Nanomotor lithography' answers call for affordable, simpler device manufacturing

Tiny carbon nanotube pores make big impact

Electronics industry gets 2 ways to snoop on self-organizing molecules




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.