Browsing: Petrochemicals

In addition to building, transportation, banking, and insurance, international firms have featured prominently in other investment sectors in the Republic of Equatorial Guinea, such as banking and finance.

The Republic of Equatorial Guinea is a nation on the African continent’s western coast.
Equatorial Guinea’s Gross Domestic Product (GDP) stood at 12.27 billion US dollars in 2021.
In addition to the chances presented by Equatorial Guinea as the leading ecotourism hotspot for the growth of tropical tourist activities, the nation also offers opportunities for the promotion of high-e...

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Most of Africa’s gas remains undeveloped or it is exported with its potential to generate local value still underexploited.

To change this, the African Energy Chamber (AEC) is seeking to support and expand several gas monetization and valorization initiatives such as: increasing the use of CNG in transport, expanding PNG networks for households and industries, developing small-scale LNG infrastructure, supporting deals on gas-to-power, petrochemicals and fertilizers, and improving access to data on gas supply and demand in the continent.

“From Senegal to South Africa, natural gas is taking an increasingly important place within the continent’s energy mix,” notes AEC.

Read: Israel starts exporting natural gas to Egypt

This means that the sector needs investing in to benefit the continent by contributing fully to its economic growth.

The African continent is home to the world’s largest recent gas discoveries, especially in Senegal and Mozambique with governments across the continent increasingly recognizing …