African Oil and Gas Industries in the XXI century

Occupation: Senior Research Fellow, Institute for African Studies, RAS
Affiliation: Institute for African Studies, RAS
Address: Russian Federation, Moscow

Journal name

Asia and Africa Today

Edition

Issue 6

Pages

15-23

Abstract

The issues of international trade in hydrocarbons (as both fuels and raw materials) have complicated considerably because of anti-Russian economic sanctions adopted by the USA, EU, and their allies in spring of 2022 after the start of a special military operation in Ukraine. Many initiators of these sanctions have failed to avoid their negative consequences. It is true for the European states suffering from structural imbalances of energy systems since 2021, and still importing fossil fuels and their derivatives mainly from Russia in 2022. Europe looks urgently for alternatives to Russian natural gas and oil firstly in the geographically closest regions of Africa and the Middle East.

This study analyses modern natural resource base, production and infrastructure facilities of African oil and gas industries. Despite vast prospects, they have lacked investments and remained rather underutilised in the current century.

At present, it is next to impossible to overcome quickly the socio-economic, political and military obstacles to development in Africa, even in case the actual and potential hydrocarbon exporters manage to attract financial, technological and other external resources more intensively. It would take at least two-three years for the first tangible results increasing upstream flows and shipments of African hydrocarbons to Europe, and much longer to achieve a sizeable yet partial replacement of Russian exports. More optimistically, the study evaluates the long-term development of hydrocarbon industries in Africa especially the natural gas production and exports.

Keywords

Africa, hydrocarbon resources, oil and natural gas industries, investment climate, energy transition, EU, Russia

Received

05.11.2022

Publication date

07.06.2022

Number of characters

32180

Cite

GOST	Kukushkin V. African Oil and Gas Industries in the XXI century // Asia and Africa Today – 2022. – Issue 6 C. 15-23 [Electronic resource]. URL: https://asaf-today.ru/S032150750020419-2-1 (circulation date: 19.04.2024). DOI: 10.31857/S032150750020419-2
MLA	Kukushkin, Vladimir Yu "African Oil and Gas Industries in the XXI century." Asia and Africa Today 6 (2022):15-23. DOI: 10.31857/S032150750020419-2
APA	Kukushkin V. (2022). African Oil and Gas Industries in the XXI century. Asia and Africa Today (6), pp.15-23 DOI: 10.31857/S032150750020419-2

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