African Gas Markets
This working paper will investigate a major new source of potential gas demand in a continent where energy poverty remains a key issue. The paper will explore the main issues surrounding the opening of new, but relatively poor, gas markets, discussing the problems of credit-worthiness and lack of infrastructure as important obstacles for suppliers of gas, in particular LNG. Nevertheless, the potential of the region is clear, and is an important potential new source of gas demand in a global gas market that is facing increasing competitive issues. The paper will explore the appropriate price levels at which new customers may be found, and also the innovative financing and development schemes that may be needed.