Planned investments across Africa totalling US$245 billion for gas pipelines, LNG terminals, and power plants represent an enormous stranded asset risk, as much of this gas is intended not for domestic consumption but rather to correct Europe's short-term energy crisis resulting from Russia's invasion of Ukraine, finds a new report from Global Energy Monitor. Key points from the report are: Much of the continent's gas pipeline buildout has yet to secure investment. The planned gas pipeline build up in Africa would require US$89 billion in investment. Only US$4 billion is attributed to projects under construction, while US$85 billion is attributed to proposed projects.
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