• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Sectors Energy

Oil and gas will play a long-term role in Africa’s electricity mix

Omono Okonkwo by Omono Okonkwo
May 13, 2023
in Energy, Renewables & Sustainability, Sectors
electricity, power
Share on FacebookShare on TwitterShare on Linkedin

Article summary

  • The African Energy Chamber has said that oil and gas will play along term role in Africa’s electricity mix.
  • About 75% of the power generated in Africa between 2022 and 2023 is estimated to be generated using oil, gas and coal.
  • If Africa were to triple its production of natural gas from current levels, its contribution to global emissions would only rise by 0.67%.

Oil and gas are expected to play a long-term role in Africa’s electricity mix. This is according to the African Energy Chamber. In its Q1/2023 State of African Energy report, the Chamber stated that Africa is currently heavily dependent on fossil fuels for power generation.

According to the Chamber, about 75% of the power generated in Africa between 2022 and 2023, is estimated to be generated using oil, gas and coal. The report stated:

  • “A cumulative 60% of the power generated in 2030 is expected to be from fossil fuels with oil and gas generating about 40%. Even 2040 forecast suggests close to 37% of the power generated will be using oil, gas and coal with coal still playing a 9% role and natural gas accounting for over a quarter of the power generation.”

Any cause for concern?

Should energy transition crusaders be worried about this projection? Energy access deficits are not a secret and there is a need to tackle the challenge. According to the President of the African Development Bank (AfDB), Dr. Akinwunmi Adesina, Africa must have natural gas to complement its renewable energy.

RelatedStories

Why Nigeria May Never Enjoy 24/7 Power in Our Lifetime – Odion Omonfoman on Talknomics

Why Nigeria May Never Enjoy 24/7 Power in Our Lifetime – Odion Omonfoman on Talknomics

June 27, 2025
World Bank restates pledge to provide electricity to 300 million Africans by 2030 

World Bank restates pledge to provide electricity to 300 million Africans by 2030 

January 29, 2025

He maintained that even if Africa were to triple its production of natural gas from current levels, its contribution to global emissions would only rise by 0.67%. Speaking on the sidelines of the COP 27 conferences in Egypt, Dr. Adesina said:

  • “Natural gas is needed to balance out the electricity supply given the intermittent nature of renewables. We must recognize the special nature of Africa. Africa has the highest level of energy poverty in the world. My interest is how Africa uses natural gas as part of its energy mix to provide electricity for 600 million people today that don’t have access to electricity”.

What is important at the end of the day?

Reducing emissions! At the just concluded UAE Climate Tech conference, COP 28 President and UAE Minister of Industry and Advanced Technology, Dr. Sultan Al Jaber, called on global stakeholders to work towards reducing emissions, not energy access.

  • According to Dr. Al Jaber, global stakeholders need to leverage climate technologies to build a new economic development model based on putting an end to emissions, while breathing new life into economic growth.
  • Al Jaber believes the world can still use hydrocarbons, and at the same time, all countries must do everything in their power to reduce and eventually eliminate the carbon intensity of that energy.

Follow us for Breaking News and Market Intelligence.
Tags: ElectricityOIl and Gas News
Omono Okonkwo

Omono Okonkwo

Omono Okonkwo is an accomplished Mass Communicator, with a remarkable track record spanning over a decade across various dimensions of the field. Her proficiency encompasses Print, Digital, and Broadcast Journalism, Copywriting, Research and Writing, Podcasting, Public Speaking, as well as a comprehensive grasp of Energy Markets. Her engagement in energy market coverage commenced officially in 2016, as she assumed the role of a country correspondent (Nigeria) with Natural Gas World, a subsidiary of Minoils Media based in Vancouver, Canada. Since then, Omono Okonkwo has consistently demonstrated excellence and left an indelible mark on the ever-evolving energy sector.

Related Posts

Why Nigeria May Never Enjoy 24/7 Power in Our Lifetime – Odion Omonfoman on Talknomics
Digital Media

Why Nigeria May Never Enjoy 24/7 Power in Our Lifetime – Odion Omonfoman on Talknomics

June 27, 2025
World Bank restates pledge to provide electricity to 300 million Africans by 2030 
Energy

World Bank restates pledge to provide electricity to 300 million Africans by 2030 

January 29, 2025
TCN
Budget

FG allocates N15 billion for electricity bills debt of MDAs  

January 3, 2025
Exchange rate confusion, Quantum Computers, Renewed Hopelessness, Eurobond Junk.
Digital Media

Expect naira volatility ’25? Threats of an Electricty Blackout

December 20, 2024
Zabazaba oil field
Blurb

Bullish momentum in Nigeria’s oil and gas Sector: Can the rally be sustained? 

October 5, 2024
NERC
Energy

Niger, Benin, Togo paid Nigeria  $50.36 million for electricity in 2023 – Report

September 25, 2024
Next Post
Changes to petrol price is not enough reason for panic buying – NNPC Limited

NNPCL-approved security agents capture crude oil thieves disguised as sewage transporters

Comments 1

  1. res non verba says:
    May 15, 2023 at 12:20 am

    Wow…talk about not seeing the forest for the trees…

    Renewable energy sources are becoming more cost-effective than traditional hydrocarbons for generating electricity at lightning speed across Africa, while hydrocarbons are becoming costlier from an economic and political standpoint. This rate of transition will probably be faster than currently estimated.

    But, maybe this is nothing new. I can imagine horse breeders laughing at the notion of “horseless carriages” completely displacing their industry in the early 1900s, or landline telephone operators rolling their eyes at the idea of a quick roll out of cell phones in Africa in the late 90s.

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank








DUNS

Recent News

  • Portugal to upgrade job seeker visa in 2026, targets skilled workers in tech, healthcare
  • PalmPay, Moniepoint, OPay named in CNBC’s top global fintechs 2025 
  • FirstHoldCo records N323.4 billion off-market block trade amid speculated exit of major shareholder 

Follow us on social media:

Recent News

Rankings: Top 10 countries with free or universal healthcare 2023

Portugal to upgrade job seeker visa in 2026, targets skilled workers in tech, healthcare

July 17, 2025

PalmPay, Moniepoint, OPay named in CNBC’s top global fintechs 2025 

July 17, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics