African oil production is expected to fall steadily to 2030
Africa's upstream to feel transition squeeze
The continent’s oil production will decline in the 2020s while gas production will increase before starting to slip, according to the IEA
African crude output will decline this decade while gas production will make short-term gains before also starting to fall, according to the IEA’s Africa Energy Outlook 2022. The agency’s projections are based on a “sustainable Africa scenario”, in which the continent meets all of its energy-related development goals—including universal access to power by 2030 and the various national net-zero pledges and Nationally Determined Contribution (NDC) goals—and the rest of the world follows suit. But the IEA admits that “making this scenario a reality is a formidable task”. Export dependency The prospects for Africa’s oil production “hinge primarily on exports”, the IEA emphasises, and so are “gre
Also in this section
21 February 2025
While large-scale planned LNG schemes in sub-Saharan Africa have faced fresh problems, FLNG projects are stepping into that space
20 February 2025
Greater social mobility means increased global demand for refined fuels and petrochemical products, with Asia leading the way in the expansion of refining capacity
19 February 2025
The EU would do well to ease its gas storage requirements to avoid heavy purchase costs this summer, with the targets having created market distortion while giving sellers a significant advantage over buyers
18 February 2025
Deliveries to China decline by around 1m b/d from move to curb crude exports to Shandong port, putting Iran under further economic pressure
