Can Africa meet Europe’s energy demand?

The International Energy Agency believes that Africa could export about 30 billion cubic meters of natural gas to Europe by 2030 as demand for gas in Europe rises due to the Russian Ukraine crisis and supply disruptions. Dolapo Kukoyi, Managing Partner at Detail Commercial Solicitors, shared insights on Africa's capacity to supply gas to Europe in a recent interview on CNBC Africa. Kukoyi highlighted Africa's vast gas reserves, with countries like Nigeria, Senegal, and Egypt possessing significant resources. However, he emphasized that while Africa has the potential to be a major gas supplier to Europe, several challenges need to be addressed. Infrastructure development, including pipelines and shipping facilities, is crucial to ensure efficient gas supply. Kukoyi also pointed out the need for financing and investment in the sector, emphasizing the importance of sustainability in energy production. Highlighting Germany's focus on energy security and alternative sources like hydrogen, Kukoyi stressed the importance of a comprehensive approach to meet Europe's energy demand. Additionally, he discussed Nigeria's gas master plan and emphasized the need for infrastructure improvements, regulatory clarity, and security to attract investment and achieve energy security. Kukoyi underlined the importance of a strategic energy resource plan to maximize the potential of gas resources in Nigeria and across Africa.