Nigeria, Egypt, Libya, and Algeria may be surpassed by other nations, according to the Global Energy Monitor report, which tracks oil and gas conditions around the world.

According to the non-governmental organization, monitoring data reveals that 84% of the newly discovered reserves are found in new gas-producing nations in Africa, such as Mozambique, Senegal, Tanzania, Mauritania, South Africa, Ethiopia, and Morocco.

According to the organization, Morocco currently has gas reserves of around 39 billion cubic meters, whereas Mauritania has 574 billion cubic meters of reserves, including a portion from joint reserves with Senegal that are estimated to be 566 billion cubic meters.

Global Energy Monitor expects that these nations will hasten the short-term development of gas production in its report.

It even predicts that by 2038, more than half of the gas produced in Africa will come from Mozambique, Mauritania, Tanzania, South Africa, and Ethiopia.

Graham Lyon, CEO of the British Sound Energy company in charge of oil and gas exploration in Morocco, stated in an interview that “Morocco has a great wealth of natural gas reserves, which will help it achieve self-sufficiency, and even move to Exporting gas to international markets.” By the end of December 2022.

At the time, Lyon reaffirmed that “two major projects are under study and implementation, one of which is related to the supply of liquefied natural gas to the main industrial markets, and the other includes the development of a gas pipeline to supply the electricity markets with gas.”

According to Global Energy Monitor, $329 billion in investments are needed to realize projects in African nations and to produce the desired results for governments. These investments will enable gas extraction and the development of suitable infrastructure for export.

These countries have new reserves totaling more than 5.138 billion cubic meters, which could result in potential emissions of 11.9 billion tons of carbon dioxide, posing a significant environmental challenge.

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The first project will supply around 100 million cubic meters of LNG per year to industrial customers. With the goal of starting manufacturing and sales in the first quarter of 2024,

The CEO of the British “Sound Energy” company (in charge of oil and gas exploration in Morocco), Graham Lyon, said, in an interview with the “Petroleum Economist” website, which specializes in the energy economy, that ” Morocco has a large revolution in natural gas reserves , and that this will help it achieve self-sufficiency, and even tends to export gas to global markets.

In the following year, Graham Lyon underlined that “two important projects are under discussion and implementation, one pertaining to the delivery of LNG to key industrial markets, and the other involving the creation of a pipeline for the supply of gas to power markets.”

“The first project will provide industrial markets with around 100 million cubic meters of liquefied gas annually; it aims to begin production and sales in the first quarter of 2024. Morocco possesses record-setting natural gas reserves of more than 20 trillion cubic feet. Although Morocco currently uses coal to generate power, it continues to advance renewable energy transformation initiatives that lower carbon emissions. In order to fulfill the goals of the Maghreb and the nation’s desire to increase trade and markets abroad, the Moroccan field of Tendrara will be crucial.”

Graham pointed out that Morocco had previously lost Algerian natural gas flows in November 2021; it was the main source of imported gas following the onset of a diplomatic crisis between them. Graham characterized the British giant’s discoveries in Morocco as ushering in a real change in the playing field, positioning the Kingdom at the forefront and producing domestic wealth and even surplus exports.

A legally binding agreement for the sale of natural gas from the Tandarra concession for a ten-year period was previously signed between Sound Energy and the National Water and Electricity Office (ONEE). Through the Maghreb-European tube, the business agreed to provide the office with 350 million cubic meters of gas annually.

One of the countries with the lowest rates of gas consumption is Morocco, which uses roughly 1 billion cubic meters of gas yearly. The two thermal power plants in Ain Beni Mathar and Tahaddart will be able to function in part because to the extraction of degradation gas. Future liquefied gas imports may be received and stored at the port of Nador in the western Mediterranean to be converted back to gas before being delivered to industrial areas and power facilities.

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